Cape Wind, which wants to build 130 wind turbines off the coast of Cape Cod, and National Grid announced yesterday that they’ve reached an agreement to start charging customers 20.7 cents per kilowatt hour in 2013 - more than double the current rate of electricity from conventional power plants and land-based wind farms.
Link
I have posted this because it shows what the current cap and trade, actually cap and tax, law that Obama is pushing will do.
What this means is that most residential users will have their rates double from around 10 cents per KWH to the 20.7 cents per kwh in the article about wind power.
What that means is that your $200 electric bill becomes $400.
What that means is that your $350. electric bill becomes $700.
Business owners will also be hit the same way. They will have to respond by:
1. Firing staff to reduce cost.
2. Raising prices to increase margin/cash flow.
3. Firing some staff and raising prices.
4. Closing the doors and going out of business.
The environmental wackos will argue that this will force consumers to consume less. That is true. People with no money and no jobs spend less. A lot less.
Others will argue that this will force consumers and business owners to install more efficient appliances and to improve insulation in their homes and buildings and this will improve jobs.
I will tell you that when I retired in 2004 we purchased an existing home. I have replaced all appliances with the most energy efficient appliances including CFL lighting in most areas and added insulation.
In 2004 the price of electricity from my local utility was around 7 cents. Today it is around 10 cents.
And despite all the money and effort spent the average monthly bill has went up around 40%. Simply put, the energy savings using standard available technology has provided only a break even.
This is what we get for allowing a political class to exist who mostly have no knowledge of technology. They are mostly lawyers, and having elected them over and over they have become out of touch and self serving.
This fall we will have the most important election in our history.
On Twitter I am Lesabre1
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