Wind Energy Driving Down Consumer Electric Rates
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Wind energy is more affordable than ever, and new installations across the country are savingconsumers money on their electric bills, as utilities rush to lock in long-term favorable rates.
“This is what a successful business looks like with stable tax policy. Utilities are locking in a great deal for their electric customers while it’s available. We’re keeping rates down all across the U.S., even in the heart of the South,” said Denise Bode, CEO of the American Wind Energy Association (AWEA), pointing to recent wind power purchases by the Southern Company in Alabama, Austin Energy in Texas, and Xcel in Colorado as examples.
The U.S. wind industry installed just over 1,200 megawatts (MW) in the third quarter, and about 3,360 MW on the year so far – but has more than 8,400 MW under construction. That is more than in any quarter since 2008, as the federal Production Tax Credit has driven as much as $20 billion a year in private investment.
Read more: Clean Technica
http://cleantechnica.com/2011/10/25/wind-energy-driving-down-consumer-electric-rates/
Tags: American Wind Energy Association, Austin Energy, Colorado, Denise Bode, Southern Company, Texas, United States, wind power
Latest Post | admin November 4, 2011
2 Comments to “Wind Energy Driving Down Consumer Electric Rates”
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By Pete Kane (@Buildingwell), November 9, 2011 @ 9:17 AM
The combination of advancing technology, excellent incentive programs and greater public education make for a strong renewable energy future. Wind offers a great opportunity and these three elements are helping communities and building owners to see the benefits.
By Sammy, December 1, 2011 @ 5:47 AM
Nice read! Siemens has recently unveiled its latest SWT-6.0 MW direct drive offshore wind turbine. Hope this new product will make wind energy more affordable.