RGGI LIES
Propaganda from RGGI (Regional Greenhouse Gas Initiative):
When RGGI’s benefits are taken into account, independent reports indicate that RGGI is generating net bill savings for consumers. Independent reports from the Analysis Group studied RGGI’s first, second, third, and fourth three-year control periods, finding that RGGI is reducing consumer energy bills and generating net economic benefits on the order of $5 billion.22 In particular, the reports found that energy efficiency programs funded by RGGI investments reduce demand for electricity, resulting not only in direct savings for those consumers making the efficiency investments, but also in downward pressure on wholesale prices that reduce costs for all electricity ratepayers.
The truth from ISO-NE:
Wholesale Costs: The total estimated wholesale market cost of electricity was $1.94 billion, up 21% from $1.61 billion in Summer 2023. The increase was driven by higher energy and capacity costs. Energy costs totaled $1.56 billion; up 26% (by $0.32 billion) from Summer 2023 costs. Increased energy costs were a result of higher loads (up 5%) and CO2 emissions costs, which offset the effect of lower natural gas prices (down 21%) on LMPs. Capacity costs totaled $337 million, up 31% (by $80 million) from last summer. Beginning in Summer 2024, higher capacity clearing prices from the fifteenth Forward Capacity Auction (FCA 15) led to higher wholesale costs relative to the previous FCA. During Summer 2023, the capacity payment rate for all new and existing resources was $2.00/kW-month. This year, the payment rate for new and existing resources increased to $2.61/kW-month due to a higher Net Installed Capacity Requirement (up by 780 MW) and a decrease in surplus capacity due to the retirement of the Mystic combined cycle generators
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Comment
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Comment by Dan McKay on December 4, 2024 at 1:39pm
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While natural gas prices were 21% lower, on average, in Summer 2024, average LMPs were higher than the prior summer. Typically, LMPs and natural gas prices trend in the same direction, but this summer, the drop in the average natural gas price was more than offset by an increase in the average RGGI CO2 allowance price. These averaged $24.40 per short ton of CO2, an 81% increase over Summer 2023 prices. The net impact of falling natural gas costs and rising RGGI CO2 costs was a cost increase of approximately $1/MWh for gas-fired generators when compared with Summer 2023.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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