Pres. Trump Defies Free Market Principles and Moves to Force Consumers to Pay for Uneconomic Power

Yesterday, Bloomberg reported that the Trump Administration is preparing to issue a bailout for uneconomic coal and nuclear plants by forcing grid operators to buy their power. As renewable energy and natural gas has become very inexpensive, many coal and nuclear plants can no longer compete on price without intervention such as what is proposed by the Administration, and are therefore likely be retired soon. The Administration claims that the retirement of these plants is a national security emergency, although there seems to be little factual basis for this claim. The move to mandate the purchase of electricity from old, uneconomic sources and guarantee them revenue has been heralded as an unprecedented intervention into energy markets.

Can you win this Bluff the Reader game?

Here are two recent websites. Can you guess which one is real news and which one is the hoax? No Googling and put your answers in as a comment below!                         Thanks for playing!

New Report PROVES Wind Power’s REAL cost!

Average wind farm installation prices have dropped to roughly $1,590/kW (kilowatt). Some projects in the Interior region of the country were installed for roughly $1,200/kW. The national average levelized cost of power purchase agreements (PPA) has reached $20 per megawatt ($20/MWh), or 2 cents per kilowatt hour, with a number of projects in the Interior region venturing below 2 cents. Those prices are below long-term fuel costs for natural gas power plants.

How expensive is solar power? You’re going to be SHOCKED!

In some southern states, like North Carolin and Florida, NREL reports that utility-scale solar power prices may reach a levelized cost of approximately 5 cents per kilowatt hour. Incorporating the federal investment tax credit (ITC) could drop those prices down into the 3-4 cents per kilowatt hour range ($30-$40/MWh).

Does “SMR” stand for “Squandering More Resources?”

What does the acronym “SMR” stand for? If you’re talking about plans for TVA’s Clinch River Site near Kingston, Tennessee there may be multiple answers. TVA and nuclear industry proponents would say you’re referring to a plan to possibly build up to 800 megawatts of new nuclear power technology known as Small Modular Reactors. But for those of us concerned with yet another untested, risky nuclear scheme, it stands for “Squandering More Resources” or “Squandering Money and Resources” on something that is clearly not needed, which TVA itself recently stated.

Memphis Wins BIG in the Solar in Your Community Challenge!

Summer is just around the corner and the sun is already shining on Memphis, TN. Five Memphis teams are moving forward to the next phase of the SunShot Prize: Solar In Your Community Challenge, a Department of Energy initiative aimed at increasing opportunities and access to solar resources in lower-income communities (The State University of New York Polytechnic Institute will administer the Challenge). Memphis is prime real estate for solar projects, thanks both to geography and the long hours of sunlight we get throughout the year. Couple that with a high number of communities living in poverty and in need of cheap power – the SunShot Challenge is a perfect fit for Memphis.

Wind Power’s Record Setting 2016: Will 2017 Be a Repeat?

A new market report by the American Wind Energy Association shows that 2016 was a record breaker for the wind industry. And signs are pointing to an equally aggressive 2017. With a total of 8,203 MW of wind energy capacity commissioned during the year, the majority of projects were completed in the last three months. The United States now contains more than 82,000 megawatts of wind power. That’s enough power for the equivalent of roughly 25 million homes.

Seizing our massive offshore wind potential

It’s been quite the summer for U.S. offshore wind power! Following months of unprecedented progress in Massachusetts and Rhode Island, the Obama Administration released a strategy today that charts a collective path forward for the U.S. to seize the immense clean energy potential off our shores.

Clean Line to Deliver Wind Power to 1.5 Million Southern Homes

Huge amounts of wind power may soon make its way to Arkansas, Tennessee and the rest of the Southeast. Last Friday, the U.S. Secretary of Energy, Dr. Ernest Moniz, announced that Department of Energy’s (DOE) participation in a new transmission project that will deliver low-cost wind energy to the South. The DOE issued their “record of decision,” completing Section 1222 of the Energy Policy Act of 2005 evaluation of the transmission project.

Wind power pays $222 million a year to rural landowners

U.S. wind farms now pay $222 million dollars a year to farming families and other rural landowners, according to new data released by the American Wind Energy Association (AWEA) today, with more than $156 million dollars going to landowners in counties with below average incomes.