Invisible costs of renewables: “Staggeringly high” $125b for US electricity consumers

A major new “nail in coffin” study shows the more renewables we force onto the market the more expensive electricity gets.

Everyday someone tells us renewables are cheap, but these estimates come from flawed “LCOE” method (at best) supposedly the lifetime cost, but without many indirect costs. Granted, it’s hard to figure out what the bill for renewable energy is. But what really matters to every man and his dog, is the cost effect on the whole system, not a cherry-slice comparison of a few sunny-windy hours a day which doesn’t take into account the effect that renewable energy has on the rest of the 24/7 electricity grid.

Greenstone, McDowell and Nath have analysed all 29 states in the US where there are laws demanding a certain percentage of energy be renewable. On average a 4% increase in renewables led to a price rise of 17% and the impost was wildly high compared to any remotely sensible cost-benefit analysis. Renewables are the car insurance bill that costs 3 times as much as your car. Any serious environmentalist would hate renewables.

Michael Shellenberger, Forbes

The cost to consumers has been staggeringly high: “All in all, seven […]

April 25th, 2019 | Tags: , , | Category: Cost, Global Warming, Grids, Renewable | Print This Post Print This Post | |

JoNova ignores cost benefit studies. What studies?

In a letter in The Australian Tom Biegler claims JoNova didn’t look at cost benefit studies:

Joanne Nova [Wasting money on Climate betrays the sick] bemoans the lack of cost-benefit analysis to support a price on carbon. She didn’t look very far. The energy economics literature is awash with estimates of the cost of both climate change and abatement measures. They disagree of course, but so would cost-benefit analyses of medical research expenditures, which Nova ignores.

A world where governments spent our money purely on the basis of cost-benefit assessments might look appealing but it’s not going to happen. Priorities reflect what voters want, annoying as that may be. It’s a small price to pay for our wonderful democracy that lets us keep arguing and trying to change each other’s minds.

Tom Biegler, St Kilda East, Vic

My reply sent to The Australian yesterday:

Tom Biegler thinks I’ve ignored cost benefit analysis of climate change abatement. No sir. There are no cost benefit analysis that start with checking the science. No institute or government committee has been paid to audit the IPCC, the BOM or CSIRO’s findings. All the reports assume that the UN […]

May 10th, 2011 | Tags: , | Category: Global Warming | Print This Post Print This Post | |