Tuesday, May 22, 2012

Obama’s war on the middle class? Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago


Obama’s war on coal hits your electric bill

Obama’s War on Coal has already taken a remarkable toll on coal-fired power plants in America. 
Last week the U.S. Energy Information Administration reported a shocking drop in power sector coal consumption in the first quarter of 2012. Coal-fired power plants are now generating just 36 percent of U.S. electricity, versus 44.6 percent just one year ago. 
It’s the result of an unprecedented regulatory assault on coal that will leave us all much poorer.
Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”
The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.
Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year’s because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.
These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.
NOTHING is more important to the economic survival of the middle class and below than the defeat of this stupid, stupid ideologue and his amateurish, ill conceived ivory tower projects.
The man has NO PRACTICALITY IN HIS BODY

2 comments:

Unknown said...

Hi Epa.

America sorry Germany Faces Green Energy Crisis - Network Agency Calls For Suspension Of Emission Laws For Old Coal Plants.

Denmark, an early adopter of the global-warming mania, now requires its households to pay the developed world’s highest power prices — about 40¢ a kilowatt hour, or three to four times what North Americans pay today.

“Given the present and future tense situation, it is necessary to suspend closures due to the emissions reduction law.” –D. Wetzel und D. Siems, Die Welt, 10 May 2012

http://www.mfs-theothernews.com/2012/05/america-sorry-germany-faces-green.html

cjk said...

I find the fact that a miniscule portion of the population has a clue about this standard of living changing stupidity to be the most outrageous aspect of it all.
The destructive leftists are even more entrenched in the media than they are in the Demonrat party.