Regarding the reports on renewable energy standards, Frank Ackerman, a Harvard PhD and Senior Economist with Synapse Energy Economics, Inc. said the Beacon Hill Institute models contained «
wild overstatement (s) of the cost of wind energy, assumed that expensive backup capacity was always needed and running when wind energy was used, inflated the price of new transmission capacity, and overestimated job losses
due to
assumption of «hypersensitivity to tax rates.