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Copenhagen Wind Turbines Wind Suckers December 3, 2014 8:00 AM | Tagged as Wind

WSJ December 1, 2014 Page A17:  “Wind Power is Intermittent, But Subsidies are Eternal” by Tim Phillips

Phillips discusses the exorbitant tax subsidy that Americans pay to the wind power industry. Congress has been unable to stop this crony capitalism, even though it pays no real benefits. Many people in the US fund the wind power “production tax credit (PTC)” even though their state gets little or no benefit. The PTC is 2.3 cents for every kilowatt-hour produced by wind power…and the credit is promised to any wind project that becomes viable in a given calendar year…for the next ten years!

For the past seven years alone, the wind subsidy has totaled $7.3 billion, with another $2.4 billion estimated for 2015. The combined subsidies and programs for wind provide a total subsidy on a per megawatt-hour produced of $56. 29. This compares the subsidies for natural gas of $0.64 and for nuclear of $3.14.  How much is enough to get an industry started. The PTC is 22 years old! Without this PTC, wind projects are not viable. The history of building wind projects tracks the PTC’s history. When Congress makes noise that the PTC may be taken away, the wind industry drops by 90%.  When Congress recants, the towers proliferate.

Once again, we Americans are being suckered. Our tax dollars are installing uneconomical Model T’s in the name of sustainability. Wind is a prime example. It’s all to placate the enviros, who donate heavily to the current administration.  We are, indeed, wind suckers.

And this is not to mention two other problems with wind. The intermittency of wind power makes it a huge operating problem for the grid operators. Conventional plants are necessary to make up the difference when the wind doesn’t blow.

 

Finally, wind power kills birds. Prince Eric of Holder has used his ever expanding prosecutorial discretion and avoided charging wind farms for illegal bird kills. But…when one bird is hurt by a substation, the fed DOJ will roll the utility for millions.

[Although opinion is included, The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. This refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]


Posted By The Biz Bucks Guy
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