Cheap Wind Power?
Posted in the Brattleboro Forum
#1 Sep 23, 2013
Mass. utilities go for wind power
The contracts, filed jointly Friday with the Department of Public Utilities, represent the largest renewable energy purchase to be considered by state regulators at one time. If approved, the contracts would eventually save customers between 75 cents and $1 a month, utilities estimated.
John Howat, senior energy analyst at the Boston-based National Consumer Law Center, said he needed to review the details before he could provide a thorough assessment of the contracts. But his initial reaction to the price — on average, less than 8 cents per kilowatt hour?“Wow.”
Over the life of the 15- to 20-year contracts, utilities would pay an average price of less than 8 cents per kilowatt hour, compared with projected prices of about 10 cents for coal, 11 cents for nuclear, and 14 cents for solar.
Northeast Utilities, National Grid, and Unitil are seeking an expedited review by state regulators so the wind farms can qualify for federal production tax credits before the incentives expire at the end of year. The tax credit is a factor in the prices.
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