In recent years, the state of Minnesota has pursued a series of increasingly aggressive renewable energy and «clean energy» policies that cost
electricity consumers billions of dollars, without achieving its ambitious environmental protection goals.
Transmission technology vendors say their products could save
electricity consumers billions — if utilities were incentivized to invest.
Not exact matches
We know that while
consumers are strongly attracted to «free TV,» they also spend an enormous sum supporting it, through the purchase of their TV sets, the cost of
electricity, and the add - on costs to every item they purchase which is advertised, not to mention the lost revenue in tax - deductible
billions spent by advertisers.
«These are the first investments from our reforms to build the world's first low carbon
electricity market - reforms which will see competition and markets attract tens of
billions of pounds of vital energy investment whilst reducing the costs of clean energy to
consumers.
It revolves around investing # 1
billion in a «hi - tech National Grid» which would see «smart meters» being installed in every home - meaning that energy companies would be able to tell
consumers when it is cheapest to use
electricity.
Moniz notes that just 0.1 cent per kilowatt - hour of
electricity and 2 cents per gallon of transportation fuels would yield about $ 8
billion per year, although such surcharges would need to be developed «with collaboration from industry and
consumers.
Using data from the province's
electricity market operator, this joint study by Energy Probe and
Consumer Policy Institute1 estimates that at least $ 1.7
billion in wind subsidies have been given to wind farm operators in Ontario since 2006, the earliest date for data.
An improved
electricity standard with 10 % efficiency would result in an extra $ 66
billion in cumulative
consumer savings by 2030 — potential savings that ACELA left on the table.
A fair slice of the $ 2
billion annual return on investment required by investors would be recouped via power bills in the form of Renewable Energy Certificates (RECs): a Federal Tax on all Australian
electricity consumers (see our post here)-- which effectively underwrite every wind farm investment.
Markey cites a recent Department of Energy analysis of a similar provision showing that the 20 percent standard will have no impact on the price of
electricity through 2020 and will save
consumers up to $ 2
billion through 2030.
It's just that it's happening at the same time as a revolution in living standards, with
billions of new
consumers hooking up to the
electricity grid and millions more buying the latest power - hungry flat - screen TVs, made in China.
- Lower U.S. Gross Domestic Product (GDP) by $ 51
billion on average every year through 2030 - Lead to 224,000 fewer U.S. jobs on average every year through 2030 - Force U.S.
consumers to pay $ 289
billion more for
electricity through 2030 - Lower total disposable income for U.S. households by $ 586
billion through 2030
Wind power mandates also cost British energy
consumers an extra $ 2.8
billion in higher
electricity costs in 2009 - 2011.
Editor's Note: The Ontario government has $ 5
billion in new wind power contracts that have not yet been added to
consumers»
electricity bills.
The extra cost is likely to be passed on to households, which already pay about # 1
billion a year in a
consumer subsidy that is added to
electricity bills.
By 2030 the regulations will cost 224,000 jobs, force US
consumers to pay $ 289
billion more for
electricity, and lower disposable incomes for American households by $ 586
billion, the US Chamber of Commerce calculates.
As part of the Recovery Act, this Administration invested $ 4.5
billion in
electricity delivery and energy reliability modernization, with total public - private investment amounting to over $ 10
billion To ensure that all Americans benefit from these smart grid investments, the Administration released a policy framework and a series of new initiatives in June 2011 that will empower
consumers with tools to better manage their
electricity and cut costs, improve the reliability of the electric grid, and help utilities recover from natural disasters faster.
Australia's one million rooftop solar households could be forced to pay new fixed charges to help recover
billions of dollars in taxpayer subsidies and make
electricity prices fairer for all
consumers.
The good news is that policies put into place over the last three decades — including appliance efficiency standards, voluntary labeling programs like ENERGY STAR, and state energy - savings targets — have already helped offset rising demand for
electricity and saved
consumers billions of dollars.
Australia has a carbon tax, essentially a tax on production and consumption of
electricity, that cost business and
consumers $ 6
billion for less than 0.1 % emissions reduction since its introduction.
Altogether, these measures will reduce
consumer electricity and gas bills in 2020 by over $ 20
billion.
The plug - in hybrid's fuel - cost savings over traditional gasoline - powered vehicles would save these 4 million
consumers approximately $ 4.2
billion a year at today's average gasoline price of $ 3 per gallon when compared to 15 cents per kilowatt - hour of
electricity for 14,400 miles driven annually.
According to EPA estimates, idle gadgets waste more than 100
billion kilowatt hours of
electricity annually — costing
consumers $ 10
billion a year.