Maine Strikes A Hard Bargain. Claims Victory For Economy!!!

 

YES!!!!!!

For a mere 21.5¢ kWh wholesale, residents of Maine can have intermitent tidal energy!!!  Dancing

Under a 20-year contract hashed out earlier this year, electricity from Ocean Renewable Power’s tidal generators will be sold to three Maine utilities for a starting price of 21.5 cents a kilowatt hour, or nearly double Maine’s average electricity price of 11.21 cents per kilowatt hour.

The high price, local and federal officials say, is justified by the economic benefit that the growing tidal energy industry could bring to communities like Eastport, where the canneries and other seafood processing industries have all but vanished. The unemployment rate in Eastport, a city of about 1,450, topped 12 percent in June, seasonally unadjusted, compared to 7.5 percent in all of Maine and 8.2 percent nationally.

Doubling the energy costs on commercial and industrial enterprises is sure bring the jobs in!

Well, in reality, it won’t double the cost.  In all likelihood, the utilities will average the cost from the various sources and then increase the rates accordingly.  This brings us to a bit of irony.  The more productive the tidal project, the more the people of Maine will pay for energy.  The problem is, no one ever sees these costs. Most utilities simply reference a cost adjustment, but I’ve never seen a final bill to the consumer which breaks it down to specific sources. 

If this isn’t an occasion for the Fig-Newton victory dance, I don’t know what is!

 

source

h/t  SEPP

For another view of energy use and economic application, see here.

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15 Responses to Maine Strikes A Hard Bargain. Claims Victory For Economy!!!

  1. DirkH says:

    “The more productive the tidal project, the more the people of Maine will pay for energy. ”

    Yes, that is the dynamic of the FIT system, which was first applied in Germany and then imitated in about 40 nations and 40 provinces around the globe.

    It is the only system in existence where you have to pray that the devices break and rot away unproductively. It is so devious, I think the German Greens read Julian Simon, who called energy the Master Resource, and tried to figure a way to bring down our civilization by destroying its core resource.

    Or maybe their KGB masters devised the plan and instructed them, another possibility. Our greens wouldn’t be intelligent enough to get such an idea on their own; they’re weasels but not smart.

    • suyts says:

      I wish you guys had not exported that idea. How odd that after seeing Germany struggle with this that we decide to adopt such elegant depravity. In the mean time Germany is constructing several coal plants to ensure grid stability and base load, while we close ours.

      It’s a wonder how anything actually gets done.

  2. DERise says:

    Guess earth quakes weren’t enough for NZ http://wattsupwiththat.com/2012/08/06/surprise-volcanic-eruption-in-new-zealand/#more-68730 . Don’t knoe if this one is prone to large eruptions,

  3. kim2ooo says:

    Sooooo I got concerned

    Now get healthy and suffer like the rest of us!

    Dear NASA, GET WELL SOON!
    http://www.usatoday.com/news/health/story/2012-08-04/honesty-beneficial-to-health/56782648/1

    Maybe, others can think of someone else they fear for?
    Email Cards?
    https://www.mycardmaker.com/

  4. kim2ooo says:

    “21.5 cents a kilowatt hour”

    xxxxxxxxxxxxxxxxxx

    That would be a pretty hard sell for this family – 06.5 cents a kilowatt hour

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