NY pays 4 times MORE for wind energy than for conventional electricity | Eastern North Carolina Now

The Biden-Harris regime has been pushing for wind and solar to replace conventional electric generation and they have been pushing it hard, with rules to shut down conventional electric generation and subsidize costly and inefficient wind and solar energy.  Thanks to liberal Governor Roy Cooper and liberal RINO Seante boss Phil Berger, and the passage of NC's Green New Deal, HB951, our state is also on this path.

Just how expensive this will be for consumers is illustrated by the contracts recently signed by New York for power from two new offshore wind "farms".  While their current wholesale cost of power from conventional sources is $36 per MWH, they have contracted to pay one offshore wind farm $155 per MWH and the other $146 per MWH.  This huge difference in power cost will be passed on to both residential and commercial electric customers.  That is paying four times as much for unreliable wind power as they do for conventional power.

This is largely due to the way power prices are set for these wind projects.  It is based on the cost of building and maintaining the wind farms for their useful lives.  Even with all the Biden-Harris subsidies from their green new deal that was misnamed the "Inflation Reduction Act",  the costs of producing off shore wind power is much higher than conventional power.

The Wall Street Journal article on the subject can be read without the pay wall as it is quoted at length on Zero Hedge:

https://www.zerohedge.com/political/new-york-pay-155-megawatt-hour-wind-power-current-rate-36-mwh

Meanwhile in Germany, the influential business daily Handelsblatt reports that solar installations are threatening Germany's power grid and millions of solar installations need to be removed to keep the grid stable.  Under Merkel's Energiewende, Germany has gone hog wild with wind and solar and their residential electric rates have soared as a result to three times what North Carolinians pay.

https://www.handelsblatt.com/politik/deutschland/energie-angst-vor-solar-infarkt-stromnetz-betreiber-fuerchten-blackouts/100051643.html

Here in North Carolina, liberal Governor Roy Cooper has been pushing offshore wind hard, joining Biden and Harris, even though this would hurt our tourism and fishing industries and send power prices for consumers into the stratosphere.   Liberal RINO Senate boss Phil Berger helped Cooper get his green new deal through the legislature.