TV News LIES

Monday, Jul 06th

Last update02:04:02 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...


Solar plane takes off in 'moment of truth' for longest solo flight in history

Solar planeA solar plane took off for what could be the longest solo flight in history on...

Oil Services Co.,Baker Huhes, lays off 10,500

Baker Hughes "Extreme market forces" are in play in the global energy sector, oil services company Baker...

Obama Administration Approves Shell's Drilling Plan For The Arctic

Shell OilThe Obama administration on Monday granted conditional approval to Shell to begin exploratory drilling in the...

Coal Is Dying and It's Never Coming Back

Coal is DyingCoal, the No. 1 cause of climate change, is dying. Last year saw a record number...
 
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!