October 28, 2014

Wind Power Blowing Electricity Prices Up

Wind power, Americans were told, was supposed to lower energy prices, but the only thing it seems to be blowing around are dollar bills and rhetoric. Forbes’ James Taylor reports: “Electricity prices are soaring in states generating the most wind power, U.S. Energy Information Administration data show. Although U.S. electricity prices rose less than 3 percent from 2008-2013, the 10 states with the highest percentage of wind power generation experienced average electricity price increases of more than 20 percent.” Idaho topped the list at 34%, followed by Wyoming (33%), Kansas (26%), South Dakota (25%), North Dakota (23%), Minnesota (22%), Iowa and Oregon (16%), Colorado (14%) and Oklahoma (the one state that improved, with -2%). That’s a median increase of 20.7%. Energy costs need a cool down, but that won’t happen as long as bureaucratic hot air is the only thing getting blown around. More…

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