TV News LIES

Saturday, Jun 24th

Last update05:20:13 AM GMT

You are here News Energy Wind farms in Pacific Northwest paid to not produce

Wind farms in Pacific Northwest paid to not produce

E-mail Print PDF

Wind farms in the Pacific Northwest -- built with government subsidies and maintained with tax credits for every megawatt produced -- are now getting paid to shut down as the federal agency charged with managing the region's electricity grid says there's an oversupply of renewable power at certain times of the year.

"It's the one system in the world where in real time, moment to moment, you have to produce as much energy as is being consumed," BPA spokesman Doug Johnson said of the renewable energy.

Now, Bonneville is offering to compensate wind companies for half their lost revenue. The bill could reach up to $50 million a year.

The extra payout means energy users will eventually have to pay more.

"We require taxpayers to subsidize the production of renewable energy, and now we want ratepayers to pay renewable energy companies when they lose money?" asked Todd Myers, director of the Center for the Environment of the Washington Policy Center and author of "Eco-Fads: How the Rise of Trendy Environmentalism is Harming the Environment."

"That's a ridiculous system that keeps piling more and more money into a system that's unsustainable," Myers said.

TVNL Comment: Economics classes around the world will have to stop teaching the theory of supply and demand! Also...what ever happened to "public utilities?" Why is everything private and for profit? Phones, electric and gas all used to be public...owned by the taxpayer...for good reason...and now they are private. Because Americans value nothing but money and exploiting people, especially with basic essentials, is very profitable. If they can own the air...they would.

More...


Most Recent Related Stories...


U.S. labor report, Paris decision backlash send oil prices lower

Oil prices fall after paris accord withdrawalPerceived weakness on the margins of the U.S. labor sector and the reaction to the U.S....

Tunnel collapses at Hanford Nuclear Reservation; no radiation released

Tunnel Collapse at Hanford Nuclear reservationHundreds of workers were told to take cover at the Hanford Nuclear Reservation after a tunnel...

Three Mile Island nuclear plant will close in 2 years, owner says

three mile island nuclear plant to close in 2019The owner of Three Mile Island, site of the United States' worst commercial nuclear power accident,...

Exxon Won't Get Drilling Waiver for Russia, Mnuchin Says

Exxon refused waiver for sanctionsExxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!