If Wind Energy Saves Ratepayers Money, Why Does Xcel Brag About How Wind Investments Increase Profits for Shareholders?
Wind energy is supposed to be the cheapest energy source available, providing energy savings to Minnesota businesses and families. Just read this opening paragraph of a StarTribune article, which claims that “The cost of wind energy in Minnesota, even without tax subsidies, now appears lower than that of electricity produced from both natural gas and coal.” The validity of this statement can be proven false simply by using public data provided by the Federal Energy Regulatory Commission (FERC). As you can see from the graph below, the cost of electricity from wind farms is more expensive than both coal and natural gas plants. Figure 1 The capacity factor of a power plant can...Continue reading