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The electricity produced from a proposed wind plant will be so expensive the company can’t find customers. They do have one customer, however, but one wonders why:
In its 15-year deal, National Grid agreed to pay 18.7 cents per kilowatt hour for Cape Wind power beginning in 2013, with a 3.5 percent annual increase. The starting price is twice what National Grid pays today for power from fossil fuels, and regulators say the contract will add about 1.7 percent to its residential customers’ bills.
Read the whole article. It explains a lot about the failures of renewable energy, and how the efforts of the government and environmentalists to force it on us is misguided and downright foolish.