Is wind worth it?

Monday, December 3, 2012
 | 
Chris Woodward (OneNewsNow.com)

The battle over extending the wind production tax credit (PTC) continues.

With the production tax credit for wind set to expire at the end of this year, a bipartisan group of senators and congressmen -- Senators Chuck Grassley (R-IA), Mark Udall (D-CO) and Representatives Jerry McNearney (D-CA) and Steve King (R-IA) -- held a press conference last month to call for another extension. Forty veterans who now work in the wind industry also came to promote wind as a cost-competitive option for lowering energy costs for Americans.

Lesser, Dr. JonathanBut is wind production worth government subsidies? Dr. Jonathan Lesser, president of Continental Economics, Inc., recently examined four years of data from three regional transmission organizations -- including the one in Texas that has over 10,000 megawatts of installed wind generation -- to find out when wind provided the most electricity and how that impacts the value.

Lesser spoke on the results last week at The Heritage Foundation, which wants the tax credit to end and for wind to compete on the free market.

"The least amount of wind power is generated when the demand for electricity is greatest," he explained. "Conversely, you get the most amount of wind generated typically in the spring, when the demand for power is the lowest. Hence the market prices are lowest."

According to the U.S. Energy Information Administration, wind provided 19 percent of Iowa's total electricity generation in 2011, but it was second to coal.

This is the 20th year for the wind production tax credit.

We moderate all reader comments, usually within 24 hours of posting (longer on weekends). Please limit your comment to 300 words or less and ensure it addresses the article - NOT another reader's comments. Comments that contain a link (URL), an inordinate number of words in ALL CAPS, rude remarks directed at other readers, or profanity/vulgarity will not be approved. More details

SIGN UP FOR OUR DAILY NEWSBRIEF

SUBSCRIBE

VOTE IN OUR POLL

What does the final Benghazi Committee report confirm most clearly about Hillary Clinton?

CAST YOUR VOTE

GET PUSH NOTIFICATIONS

SUBSCRIBE

LATEST AP HEADLINES

Istanbul airport attackers seized on chaos to cause carnage
APNewsBreak: Military seeks more time on 'transgender' policy
Officials: 3 dead after police chase in Mississippi
Congress clears Puerto Rico rescue bill, sends to president
L.A. votes to put $1.2B homeless measure on ballot
Authorities: 3 train workers in Texas wreck presumed dead
New laws set to take effect include abortion and vaccination restrictions

LATEST FROM THE WEB

Did Obama White House bully anti-Muslim preacher?
Federal court orders schools to end anti-Christian bias
Spoiled college grad demands new dress code at job, gets the boot
US airstrikes kill 250 ISIS fighters outside Fallujah
CIA chief warns of potential terrorist attacks in U.S.

CARTOON OF THE DAY

Cartoon of the Day

REASON & COMPANY

NEXT STORY
Business 2012: Year in Review

The year 2012 was a busy year, but some of the biggest news was in regards to business and the environment.