Electricity rates would necessarily skyrocket

The title? Spoken by our fearless leader in 2009:
At the end of this year, the other shoe will drop and what was a stiff increase in prices will become even stiffer. From Bloomberg:
Credits to Spur Renewable Energy Sources Seen Set to End: Taxes
Tax credits for the production of wind power and other renewable energy sources face expiration at year�s end amid few signs Congress will decide to continue them, tax lobbyists and other analysts say.

Failure to extend the 16 tax credits could stymie the development of wind power and the other renewables by undercutting incentives to invest in them, Bloomberg BNA reported.
Some specifics:
In addition to the 2.3 cent-per-kilowatt-hour tax credit for wind, geothermal and closed-loop biomass, other expiring energy incentives include a $1 per-gallon credit for biodiesel producers, a $1.01 per gallon credit for cellulosic ethanol and multiple credits for energy-efficient homes and appliances.
This is going to hit people at the gas pump, their electric bill, the cost of appliances, etc... And of course, one of the affected industries had this to say:
The wind industry, he said, says of the credit, ��If we just had two more years or three more years, we�ll be fine, we�re almost there,�� Lankford said. �What is a reasonable time for it to continue.�
Yeah, really... Wind power is one of the stupidest ideas ever. It is not baseload and you have to have backup generators to cover when the wind stops blowing. Because it takes up to 30 minutes to bring a generator of that size online, the generators have to be running on hot standby -- they are not feeding the grid but they are still running and consuming some fuel. But there is hope -- from Environment & Energy Publishing:
Justices to consider review of EPA greenhouse gas rules
In what could become a marquee environmental case of the Supreme Court's next term, the justices on Monday are expected to consider reviewing a lower court ruling that upheld U.S. EPA's regulations to reduce heat-trapping gases.

Nine petitions are asking the court to reverse aspects of an appellate court's June 2012 ruling that backed EPA's first rules following the Supreme Court's landmark Massachusetts v. EPA decision, which instructed the agency to regulate greenhouse gases as harmful pollutants under the Clean Air Act.

Some prominent environmental lawyers believe the court will grant certiorari to -- or agree to review -- some part of the petitions. The decision could come as early as Tuesday, less than two weeks after the Obama administration proposed regulations to cut greenhouse gas emissions at new power plants.
Keeping fingers crossed...

October 2022

Sun Mon Tue Wed Thu Fri Sat
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          

Environment and Climate
Cliff Mass Weather Blog
Climate Depot
Ice Age Now
Jennifer Marohasy
Solar Cycle 24
Space Weather
Watts Up With That?

Science and Medicine
Junk Science
Life in the Fast Lane
Luboš Motl
Next Big Future

Geek Stuff
Ars Technica
Boing Boing
Don Lancaster's Guru's Lair
Evil Mad Scientist Laboratories
Hack a Day
Kevin Kelly - Cool Tools
Slashdot: News for nerds
The Register
The Daily WTF

The Argyle Sweater
Chip Bok
Broadside Cartoons
Day by Day
Medium Large
Michael Ramirez
Prickly City
User Friendly
What The Duck

Awkward Family Photos
Cake Wrecks
Not Always Right
Sober in a Nightclub
You Drive What?

Business and Economics
The Austrian Economists
Carpe Diem
Coyote Blog

Photography and Art
Digital Photography Review
James Gurney
Joe McNally's Blog
The Online Photographer

A Western Heart
American Digest
The AnarchAngel
Anti-Idiotarian Rottweiler
Babalu Blog
Belmont Club
Bayou Renaissance Man
Classical Values
Cold Fury
David Limbaugh
Defense Technology
Doug Ross @ Journal
Grouchy Old Cripple
Irons in the Fire
James Lileks
Lowering the Bar
Maggie's Farm
Marginal Revolution
Michael J. Totten
Mostly Cajun
Power Line
Questions and Observations
Rachel Lucas
Roger L. Simon
Sense of Events
Sound Politics
The Strata-Sphere
The Smallest Minority
The Volokh Conspiracy
Tim Blair
Weasel Zippers

Gone but not Forgotten...
A Coyote at the Dog Show
Bad Eagle
Steven DenBeste
democrats give conservatives indigestion
Cox and Forkum
The Diplomad
Priorities & Frivolities
Gut Rumbles
Mean Mr. Mustard 2.0
Neptunus Lex
Other Side of Kim
Ramblings' Journal
Sgt. Stryker
shining full plate and a good broadsword
A Physicist's Perspective
The Daily Demarche
Wayne's Online Newsletter

About this Entry

This page contains a single entry by DaveH published on September 30, 2013 10:09 PM.

And we are closed was the previous entry in this blog.

Light posting tonight is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Monthly Archives


OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.2.9