“Taxpayers already pay a high price to subsidize wind energy through billions in federal grants, loan guarantees and tax credits that prop up the ‘windustry,’” Tom Steward writes for the Minnesota State News.
“Now the bill for state renewable energy mandates is coming due with hundreds of thousands of Minnesota electric co-op and utility customers picking up the tab,” he adds.
Related: Gov’t-Subsidized Wind Farms Told NOT to Produce Energy
“It’s an enormous subsidy. You have to add wind power, whether you need it or not,” said Mark Glaess, MREA executive director. “Right now we’re paying for wind we don’t need, we can’t use and can’t sell.”
So how did this happen?
The Renewable Energy Standard (RES) passed by the 2007 Minnesota State Legislature directs electric utilities to ramp up their percentage of renewable energy sales to 25 percent by 2025. Put another way, one of every four kilowatt hours must come from renewable energy by 2025. Unlike many other states, Minnesota does not exempt co-ops and municipal utilities from complying with renewable energy standards. To meet the state’s escalating demands, rural electric co-ops and utilities locked in long-term “take or pay” contracts to purchase power from wind farms.However, a drop in demand due to the lagging economy and competition from natural gas pushed the price of energy down significantly.
"The RES exists in a sort of price vacuum. No matter that coal-generated power costs considerably less than wind. Dozens of Minnesota co-ops are stuck with higher, pre-recession prices for surplus wind power which must be bought and distributed,” Steward writes.
“The difference between what the wind power costs and what it resells for now adds up to tens of millions of dollars a year statewide with rural residents caught in the middle,” he adds.
Which means Minnesota taxpayers are stuck paying for “green” energy regardless of whether they can sell it.
Sounds just like what our mob of "Alternate Energy" clowns want for us thanks to the Global Warming Fraud.