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Old 10-18-2011, 08:38 AM   #1
calculoso
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Join Date: Oct 2001
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Default Cost of green energy 40% higher than government estimates: new study

http://www.globaltoronto.com/cost+of...711/story.html

Quote:
TORONTO - Ontario residents could end up paying some of the highest costs for electricity in the developing world because providing wind and solar energy will cost about 40 per cent more than government estimates, according to a new study.

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The average residential user's annual bill, which currently stands at $1,700, will exceed $2,800 by 2015 and be over $4,100 by 2030, it predicts.

Certain costs weren't included in the government's estimates, such as inflation, transmitting electricity to the provincial grid from wind and solar facilities and backup generation for potential disruptions, the study found.

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The plan also lowballs the costs of backing up renewable energy with natural gas-fired plants when the wind isn't blowing and the sun isn't shining, saying it will cost $1.8 billion when it will likely be closer to $9.6 billion.

Energy Minister Brad Duguid called the study "bogus," saying it's full of technical errors and incorrect assumptions. He also took aim at its authors, saying Gallant is known for opposing renewable power.

"It's not an honest study," Duguid said in an interview.

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The answer is probably somewhere in the middle... but yeah, that's just what is needed. More costs.
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