Monday, December 17, 2012

Call Congressman Dave Camp. Ask Him to Kill This Boondoggle

WIND INTERMITTENCY AND THE PRODUCTION TAX CREDIT: A HIGH COST SUBSIDY FOR LOW VALUE POWER In its conclusion, the 21-page report says:

"The PTC represents bad energy policy and bad economics for at least three reasons. First and foremost, wind generation’s production pattern not only is volatile and unpredictable, but even more significantly, is “economically backward”: producing the least amount of energy when loads are highest and electricity is most valuable. Second, subsidized wind generation also exacerbates artificially low electric prices, thus imposing economic harm on competitive generators that are needed to maintain system reliability. Third, the inability to forecast actual wind generation accurately increases system reliability costs, which are borne by all customers."

7 Myths About the Wind Production Tax Credit. "The wind production tax credit (PTC) has created an industry that produces overpriced, intermittent power, and it will continue to produce overpriced, intermittent power so as long as there is a PTC to pay for it."

Blowing More Taxpayer Money for Offshore Wind. "Much of the debate over wind subsidies this past year has been over the extension of the wind production tax credit. But even if the subsidy expires at the end of the year (as it is supposed to), that does not mean all wind subsidies are disappearing, even though they should."

Your help is needed: Contact Congressman Dave Camp, Chair of Ways and Means. Tell him to kill the PTC (Production Tax Credit). Note that if you do not live in his district, you will need to include your address in your email. Please do this today. A vote is expected this week!


 

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