by jboullion | Nov 20, 2009 | Uncategorized
From a fact sheet issued by the Homegrown Renewable Energy Campaign:
An innovative way to encourage more smaller-scale renewable energy systems by paying premiums to customers for wind, solar, biogas or biomass electric generation.
How are they different from standard utility buyback rates?
Unlike standard buyback rates, Renewable Energy Buyback Rates provide a fixed purchase price for the electricity produced over a period of 10 to 20 years. They are set at levels sufficient to fully recover installation costs along with a modest profit. Because the purchase price is guaranteed over a long period, Renewable Energy Buyback Rates make it easy for customers to obtain financing for their generation projects.
Why don’t utilities pursue these small-scale renewable projects themselves?
In general, the smaller the generating facility, the less likely it is owned by a utility. Utilities tend to favor bulk generation facilities that employ economies of scale to produce electricity at a lower cost. Renewable power plants owned by
utilities—such as large wind projects—are sized to serve their entire territory, not just a particular distribution area. For that reason utilities have shown little appetite for owning and operating distributed generation facilities powered with
solar, biogas, wind, and hydro.
If utilities won’t invest in small-scale renewable projects, how will they get built?
Clearly, the capital needed to build smaller-scale renewable projects has to come from independent sources—either customers or third parties. There is no shortage of investor interest in these systems, and sufficient capital is available. What’s needed to finance these projects is a predictable, long-term purchasing arrangement that assures full capital recovery if the project performs according to expectations. That’s where Renewable Energy Payments come into play.
by jboullion | Nov 20, 2009 | Uncategorized
From an article by Joseph Room on Center for American Progress:
A new study puts the generation costs for power from new nuclear plants at 25 to 30 cents per kilowatt-hour—triple current U.S. electricity rates!
This staggering price is far higher than the cost of a variety of carbon-free renewable power sources available today—and 10 times the cost of energy efficiency (see “Is 450 ppm possible? Part 5: Old coal’s out, can’t wait for new nukes, so what do we do NOW?”
The new study, “Business Risks and Costs of New Nuclear Power,” is one of the most detailed cost analyses publically available on the current generation of nuclear power plants being considered in this country. It is by a leading expert in power plant costs, Craig A. Severance. A practicing CPA, Severance is co-author of The Economics of Nuclear and Coal Power (Praeger 1976), and former assistant to the chairman and to commerce counsel, Iowa State Commerce Commission.
This important new analysis is being published by Climate Progress because it fills a critical gap in the current debate over nuclear power—transparency. Severance explains:
All assumptions, and methods of calculation are clearly stated. The piece is a deliberate effort to demystify the entire process, so that anyone reading it (including non-technical readers) can develop a clear understanding of how total generation costs per kWh come together.
As stunning as this new, detailed cost estimate is, it should not come as a total surprise. I detailed the escalating capital costs of nuclear power in my May 2008 report, “The Self-Limiting Future of Nuclear Power.” And in a story last week on nuclear power’s supposed comeback, Time magazine notes that nuclear plants’ capital costs are “out of control,” concluding:
Most efficiency improvements have been priced at 1¢ to 3¢ per kilowatt-hour, while new nuclear energy is on track to cost 15¢ to 20¢ per kilowatt-hour. And no nuclear plant has ever been completed on budget.
Time buried that in the penultimate paragraph of the story!
by jboullion | Nov 20, 2009 | Uncategorized
From a fact sheet issued by the Homegrown Renewable Energy Campaign:
An innovative way to encourage more smaller-scale renewable energy systems by paying premiums to customers for wind, solar, biogas or biomass electric generation.
How are they different from standard utility buyback rates?
Unlike standard buyback rates, Renewable Energy Buyback Rates provide a fixed purchase price for the electricity produced over a period of 10 to 20 years. They are set at levels sufficient to fully recover installation costs along with a modest profit. Because the purchase price is guaranteed over a long period, Renewable Energy Buyback Rates make it easy for customers to obtain financing for their generation projects.
Why don’t utilities pursue these small-scale renewable projects themselves?
In general, the smaller the generating facility, the less likely it is owned by a utility. Utilities tend to favor bulk generation facilities that employ economies of scale to produce electricity at a lower cost. Renewable power plants owned by
utilities—such as large wind projects—are sized to serve their entire territory, not just a particular distribution area. For that reason utilities have shown little appetite for owning and operating distributed generation facilities powered with
solar, biogas, wind, and hydro.
If utilities won’t invest in small-scale renewable projects, how will they get built?
Clearly, the capital needed to build smaller-scale renewable projects has to come from independent sources—either customers or third parties. There is no shortage of investor interest in these systems, and sufficient capital is available. What’s needed to finance these projects is a predictable, long-term purchasing arrangement that assures full capital recovery if the project performs according to expectations. That’s where Renewable Energy Payments come into play.
by jboullion | Nov 20, 2009 | Uncategorized
From a fact sheet issued by the Homegrown Renewable Energy Campaign:
An innovative way to encourage more smaller-scale renewable energy systems by paying premiums to customers for wind, solar, biogas or biomass electric generation.
How are they different from standard utility buyback rates?
Unlike standard buyback rates, Renewable Energy Buyback Rates provide a fixed purchase price for the electricity produced over a period of 10 to 20 years. They are set at levels sufficient to fully recover installation costs along with a modest profit. Because the purchase price is guaranteed over a long period, Renewable Energy Buyback Rates make it easy for customers to obtain financing for their generation projects.
Why don’t utilities pursue these small-scale renewable projects themselves?
In general, the smaller the generating facility, the less likely it is owned by a utility. Utilities tend to favor bulk generation facilities that employ economies of scale to produce electricity at a lower cost. Renewable power plants owned by
utilities—such as large wind projects—are sized to serve their entire territory, not just a particular distribution area. For that reason utilities have shown little appetite for owning and operating distributed generation facilities powered with
solar, biogas, wind, and hydro.
If utilities won’t invest in small-scale renewable projects, how will they get built?
Clearly, the capital needed to build smaller-scale renewable projects has to come from independent sources—either customers or third parties. There is no shortage of investor interest in these systems, and sufficient capital is available. What’s needed to finance these projects is a predictable, long-term purchasing arrangement that assures full capital recovery if the project performs according to expectations. That’s where Renewable Energy Payments come into play.
by jboullion | Nov 20, 2009 | Uncategorized
From an article by Chad Dally in The Daily Press (Ashland):
Six municipalities, one transit system and more than seven million kilowatt hours of electricity consumed.
That is one of many initial discoveries of local government officials, the Alliance for Sustainability and others through a Wisconsin Energy Independent Communities pilot project.
The Chequamegon Bay region was one of 10 communities — and the largest of the 10 — that took part in the pilot project, which in the first phase attempted to pin down a baseline assessment on energy and fuel consumption for the past three years. The initiative is one of the first steps in Wisconsin’s 25 x 25 Plan, which set a goal of generating 25 percent of the state’s energy and transportation fuel from renewable sources by 2025. Also included is the goal of securing 10 percent of the nation’s emerging bio-industry jobs within Wisconsin. Generating more alternative and renewable energy and fuel within the state and especially within the Chequamegon Bay region has huge implications, since Wisconsin spent more than $21 billion on energy in 2007.
by jboullion | Nov 19, 2009 | Uncategorized
From an announcement from Transition Wisconsin:
Transition Wisconsin is looking for individuals who would like to serve on the board or be a director for the Incorporation of “Transition Wisconsin” as a non-profit in the State of Wisconsin.
Transition Wisconsin is currently a part of the Transition Movement looking to formalize it’s involvement. It is currently involved, through its web presence, in providing people information on Peak Oil and Climate Change as well as opportunities for people to help make a positive transition to a world in which petroleum will become terminally in decline. Similarly, providing as much factual information concerning Climate Change is another priority. It is hoped that the infrastructure created would allow Wisconsin neighborhood, Town, Village or City communities as Transition initiatives with the benefits of tax exempt financial benefits working as an umbrella organization.
Anyone interested or have questions should email Rees Roberts.
Individuals have until December 31, 2009 to respond. It is hoped a diverse cross section of Wisconsin be represented.
This message will be repeated and shared widely.
