Regionnus Rattis
Expert
This is one of the most accurate summaries of what could/Is happening to electric rates in the US – by looking at what happened in Europe. The European renewable programs have also resulted in a degradation of electric supply reliability.
Bottom line – European Electric Rates are 300% higher than the US (Residential), primarily driven by the non-strategic deployment of Wind and Solar generation to displace conventional fossil fueled power plants.
This is definitely a long term financial risk to the public and private sectors if the US continues to aggressively promote wind and solar – both financially (rates and carbon control), as well as reliability for electric supply. "Go Green!"
David Garman and Samuel Thermstrom: Europe's Renewable Romance Fades - WSJ.com
Bottom line – European Electric Rates are 300% higher than the US (Residential), primarily driven by the non-strategic deployment of Wind and Solar generation to displace conventional fossil fueled power plants.
This is definitely a long term financial risk to the public and private sectors if the US continues to aggressively promote wind and solar – both financially (rates and carbon control), as well as reliability for electric supply. "Go Green!"
David Garman and Samuel Thermstrom: Europe's Renewable Romance Fades - WSJ.com
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