The Plan to Kill Off Electricity, The RGGI Plan
- RGGI sells allowances. Each allowance represents a ton of C02 emissions from power plants. The power plants expected to purchase these allowances are participants in RGGI. They become participants by decision of State Legislatures who enroll in RGGI by writing a law to that effect.
- All natural gas-fired and oil-fired plants that have nameplate capacity over 25 megawatts are required to purchase allowances from RGGI and include the cost in their hourly production bid offers to the ISO-NE wholesale electricity market. Maine has 6 such operating plants.
- RGGI is designed to reduce C02 emissions from power plants by how the allowances are offered to plants. Each plant is ALLOWED only a certain number of allowances which are sold in 3-month time periods by auction. The number of allowances is reduced annually, thus reducing ALLOWED plant production.
- As expected, each allowance reduction has a corresponding price increase in auction bids. Lower supply equals higher demand.
- The RGGI price has gone from $1.86 per allowance in 2010 to $16.00 in 2024 ( 1st quarter)
- The 5 Maine natural gas-fired plants and 1 oil-fired plant purchased 11.8 million allowances during the initial 3-year period (2008 to 2010) and only 6.3 million for the latest 3-year period (2021 to 2023).
- The allowance cap affects production by lowering it. The lower production affects plant revenue. To maintain a revenue, plants bid the allowances higher.
- Natural gas-fired plants are critical to Maine's electricity reliability even as the combined qualified renewable plants sited in Maine produce the same amount of electricity that Maine consumes. Maine will always need fossil fuel plants no matter how many qualified renewable plants are built in Maine, on or offshore.
- The question is: How is this going to end? Are Maine people going to fall further into energy poverty so that RGGI can eventually cut emissions to zero? No more fossil fuel plants? Are we to live with part time electricity?Does anyone seriously think the price of electricity will go down with the current 0 emission plan?
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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
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(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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