The Renewable-Energy Scam
New legislation would force Americans to buy costlier electricity.
Its a tried-and-true way to make money off costly, inferior products: Get the government to force the public to buy them.
This is exactly what is happening with renewable electricity. The House and Senate are both considering renewable-electricity standards. These standards require that utilities generate or purchase a certain percentage of electricity from renewable-energy sources. Electricity customers, not the utilities, pay for the higher costs and the inferior quality of renewables.
On Friday, the House is expected to consider the American Clean Energy and Security Act (H.R. 2454), also known as Waxman-Markey. This 1,000-page bill contains the Houses version of a renewable-electricity mandate. By 2020, states would be required to generate or purchase 15 percent of their electricity from renewable-energy sources. Governors whose states are unable to meet this standard could petition the federal government to reduce the mandate to 12 percent.
Another problem with Waxman-Markey is that while wind power, solar, and some biomass are included, hydropower and nuclear power are excluded. Hydropower is a renewable and fairly effective source of electricity its exclusion makes no sense. The exclusion of nuclear power, while not surprising, shows how disingenuous this push for renewable electricity really is.
The European Union characterizes nuclear power as a renewable energy source for the purposes of its fuel-source mandates.
Posted by: ed 2009-06-28