Should windpower’s costs be spread to all power users in Delaware?
No, and here is why.
The cost saved is already considerable. To not go through with the plan, would cost us far more than what we would save if we waited until trying to spread the cost among all users.
The reason is because House Bill 06 was all about getting cheaper energy to those poor citizens who suffered the 59% rate increase.
Bluewater Wind will do that.
What you will pay for electricity in today’s dollars, will be $105 per MWH plus Delmarva’s 4% guaranteed profit margin, totaling 109.20 cents per MWH. That breaks down to 10.9 cents per kilowatt hour printed on your next twenty five years of electric bills. Check your Delmarva Bill ans see how that rate compares with what you pay today……
It’s like buying Mahaffie’s magical Honda Prius with no interest, ever.
What is being said, by those opposing the wind deal, is “hey, let’s hold off and see if we can get this super great deal even cheaper. “
Chances are, we wait too long, someone like New Jersey will steal that great deal out from under our noses.
That is why it is silly not to sign the deal as it was originally intended. Already It is a deal too good to pass up….
The sooner the Senate passes HCR 38 and work begins, the sooner we see lower power bills coming in the mail.. One month’s delay from getting started, wipes out, or equals all the prospective savings we would save if we somehow crossed that boondoggle and spread the costs to everyone, industrial and commercial……
What is important to remember……is that with Bluewater Wind, there are no costs, only savings.
To lose a deal saving us thousands of dollars, by quibbling over a few pennies, does not make rational sense.
But Delmarva says spreading the costs will save us money.
No, …they “said”. They also “said” natural gas prices would go down, thereby if they did, then and only then would Bluewater Wind cost more money than buying short term contracts. Natural gas prices, like gasoline, are higher than their prices of last year. Not lower as Delmarva’s consultants stated when making their comparison, but quite a bit higher and expected to climb,…..not go down.
Because of the high rates for burning carbon fuel, not even to mention the Carbon Taxes expected to be levied upon all carbon producers……any delay will cost us far more than the dollar or two we might save if we spread all costs to all segments of society using power….
All this line is, that of spreading out the costs, is a delay tactic. Someone figured out that if gas prices plummeted to levels never seen……a wildly extravagant speculation, that in such a case, an off-shore wind farm would cost six extra dollars a month. Someone else figured out that if one spread all costs among the industrial, who are the biggest users, and commercial, the second biggest users, as well as the residential customers, we would save that 6 dollars a month. We could then buy 5 more SoBe’s a month with the savings.
Somewhere buried in their calculations, was the confidence that as our rates declined, the rates of our industrial giants would rise, and their pressure on the General Assembly would scuttle the entire Wind process. Seriously, we must truly consider whether we want our industrial manufacturers, pricing themselves out of the market because of a utility increase, especially in today’s “talk of recession” market……..
Simply put, it would not be a good idea.
What IS a good idea is to pass HCR38 so those of us who are already paying too much for our electricity six months longer than we should have been, can finally see the relief House Bill 6 was supposed to provide……..when it cleared the House, Senate and was signed by the Governor, all in one day back in April of 2006………
Why all this talk about Gas prices going down? Everyone knows they won’t.
Delmarva began their campaign against Bluewater Wind by stating that a natural gas fired turbine built and operated by their sister company Connectiv, would be cheaper over twenty five years than an offshore wind farm. Among the data they used to make that calculation was the idea that bas prices would drop extremely low for roughly the nest ten years then slowly climb again. This was incredulous to those of us reading the futures reports on all carbon fuel supplies…
We never let them forget it, because they used that data to try to “dis” windpower throughout the state. Bottom line, wind power, especially offshore wind built in a category 4 or above area, is the cheapest form of electricity we currently have at our disposal today….
It also calls into account either their honesty, or their intelligence for proposing such a stupid proposition, fully expecting it to be believed, even while in the meantime, we can’t keep up with our utility payments………Like a pet who misses its litter box, let us rub their noses in it one more time.
The Henry Hub natural gas spot price averaged $7.17 per thousand cubic feet (Mcf) in 2007 and is expected to average about $9.70 per Mcf in 2008 and $9.40 per Mcf in 2009.
I will leave for the reader to determine whether their misrepresentation was done deliberatively or was just a miscalculation……..
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Filed under: Main on June 1st, 2008 | No Comments »
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