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Old 07-13-2009, 06:30 PM
Location: Chicagoland
41,314 posts, read 39,603,088 times
Reputation: 7107


Austin's clean energy program costing more, selling less (http://www.statesman.com/news/content/news/stories/local/2009/07/12/0712greenchoice.html - broken link)

For the past decade, Austin's ambition to become the world's clean-energy capital has been best exemplified by one effort: GreenChoice, a program that sells electricity generated entirely from renewable sources such as wind.

Now the nationally renowned program is struggling to find buyers — the latest allotment is 99 percent unsold after seven months on the market — and Austin Energy is looking for ways to bring down the rising costs.
Rising costs? How can this be?

It now costs almost three times more than the standard electricity rate.

The reason is that GreenChoice prices have risen more than fivefold since the program started. GreenChoice now would add about $58 a month to the electricity bill of an average home.

Steel, concrete, copper and labor have all gotten more expensive, in turn making wind-farm construction more costly.
What do you think it will cost to make those goods with Cap&Trade in place?

In addition, they have not been able to keep up with demand - why would that be?

The best part about GreenChoice was its voluntary nature. Austin Energy gave its consumers a choice between traditional and alternative energy sources, and the market has delivered its verdict. If Barack Obama’s cap-and-trade scheme passes Congress, those choices will no longer be voluntary, and the costs of energy will “skyrocket” in a similar manner.
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