Electricity prices set to soar as a result of government policy
Posted by admin / Under Renewable Energy Payments
power prices are set to increase dramatically. Origin Energy boss Grant King said that complying with the mandatory renewable energy target (RET) and network spending would put upward pressure on energy prices. "That's not of our making, or anybody other than policymakers...That's just the inevitable and logical consequences of the policies" that governments are implementing. His comments follow both federal Resources and Energy Minister Martin Ferguson and his opposition counterpart Ian Macfarlane warning in separate interviews... that power prices were likely to double in the next five to seven years. Mr King said that estimate was "possibly conservative" and added...
Published on Thursday 9th of September 2010 11:13:15 PM
The Renewable Electricity Standard is a Hoax, a Fraud, and a Rip-Off
Posted by admin / Under Renewable Energy Payments
The U.S. Senate's proposed Renewable Electricity Standard (RES) would force electric utilities to generate a large and increasing percentage of their power from wind and solar -- rising to 15% by 2021. These goals resemble those of the Waxman-Markey bill that barely passed the House in June 2009. It's disturbing that some Republicans on the House Energy and Natural Resources Committee voted for ACELA (the American Clean Energy Leadership Act). If the Senate were to take up an energy bill, it is likely that Sen. Brownback (R-KS) will introduce an amendment for RES.
Published on Thursday 9th of September 2010 11:13:15 PM
California utilities struggle to meet renewable-power requirement
Posted by admin / Under Renewable Energy Payments
California boasts some of the toughest standards in the nation for boosting the use of renewable power. Getting utilities to meet those mandates is proving to be even tougher. State law requires the Golden State's three large investor-owned utilities to procure 20% of their retail electricity sales from clean sources by the end of 2010. But with less than six months left to meet that requirement, even government watchdogs don't expect the power companies to make it. Pacific Gas & Electric Co., Southern California Edison and San Diego Gas & Electric Co. are likely to end this year with a...
Published on Thursday 9th of September 2010 11:13:15 PM
Odd Reservoir Off Louisiana Prods Oil Experts to Seek a Deeper Meaning
Posted by admin / Under Renewable Energy Payments
By CHRISTOPHER COOPER Staff Reporter WALL STREET JOURNAL HOUSTON Something mysterious is going on at Eugene Island 330. Production at the oil field, deep in the Gulf of Mexico off the coast of Louisiana, was supposed to have declined years ago. for a while, it behaved like any normal field: Following its 1973 discovery, Eugene Island 330's output peaked at about 15,000 barrels a day. By 1989, production had slowed to 4,000 barrels a day. Then suddenly - some say almost inexplicably - Eugene Island's fortunes reversed. The field, operated by PennzEnergy, is now producing 13,000 barrels a day, and...
Published on Thursday 9th of September 2010 11:13:15 PM
Joe Biden Protests Before Zapatero for the Cutting of the Subsidies to Renewable Energies
Posted by admin / Under Renewable Energy Payments
Joe Biden Protests Before Zapatero for the Retroactivity of the Cut in the Subsidies to Renewable Energies.The vice-president of the USA, Joe Biden, has called Moncloa [palace, the Prime Minister’s residence] to protest for the legal uncertainty generated in Spain by the Government in the sector of the renewable energies. The arrangement being prepared by the Industry [economic central planning] Ministry to apply the new regulatory frame in a retroactive way, has brought the complaints of investors and American companies, which have directed their preoccupation and uneasiness to their embassy for the plans that are being handled to severely cutting...
Published on Thursday 9th of September 2010 11:13:15 PM
Los Angeles Faces Threat of Insolvency (because of renewable energy)
Posted by admin / Under Renewable Energy Payments
A bitter political dispute between this city's elected leaders and its powerful municipal utility threatens to push the city into insolvency as early as next month. Los Angeles City Controller Wendy Greuel warned this week that the city's general fund could run out of money and fall $10 million into the red by May 5 unless the Los Angeles Department of Water & Power transfers a planned $73.5 million payment it has so far said it would withhold. Without the payment, the city would need to dip into its reserve fund, leaving that contingency dangerously low in the event of...
Published on Thursday 9th of September 2010 11:13:15 PM
Iowa wind energy storage project moves ahead
Posted by admin / Under Renewable Energy Payments
DALLAS CENTER, Iowa (AP) — Kent Holst stood in front of the Iowa Stored Energy Park’s municipal utility members and proclaimed, “This time, we have something to show you.” Holst, the park’s development director, showed the officials a drill rig behind a house on the south side of Iowa Highway 44, two miles west of Dallas Center. The rig is drilling a 2,800-foot well, which will be used to test the hardness of a sandstone formation. The energy park hopes the formation can hold energy that has been converted into air. When the municipal utilities that own stored energy need...
Published on Thursday 9th of September 2010 11:13:15 PM
China Leading Global Race to Make Clean Energy
Posted by admin / Under Renewable Energy Payments
TIANJIN, China — China vaulted past competitors in Denmark, Germany, Spain and the United States last year to become the world’s largest maker of wind turbines, and is poised to expand even further this year. China has also leapfrogged the West in the last two years to emerge as the world’s largest manufacturer of solar panels. And the country is pushing equally hard to build nuclear reactors and the most efficient types of coal power plants. These efforts to dominate renewable energy technologies raise the prospect that the West may someday trade its dependence on oil from the Mideast for...
Published on Thursday 9th of September 2010 11:13:15 PM
Earth-Friendly Elements, Mined Destructively
Posted by admin / Under Renewable Energy Payments
GUYUN VILLAGE, China — Some of the greenest technologies of the age, from electric cars to efficient light bulbs to very large wind turbines, are made possible by an unusual group of elements called rare earths. The world’s dependence on these substances is rising fast. Just one problem: These elements come almost entirely from China, from some of the most environmentally damaging mines in the country, in an industry dominated by criminal gangs. Western capitals have suddenly grown worried over China’s near monopoly, which gives it a potential stranglehold on technologies of the future. In Washington, Congress is fretting about...
Published on Thursday 9th of September 2010 11:13:15 PM
Desert Vistas vs. Solar Power
Posted by admin / Under Renewable Energy Payments
AMBOY, Calif. — Senator Dianne Feinstein introduced legislation in Congress on Monday to protect a million acres of the Mojave Desert in California by scuttling some 13 big solar plants and wind farms planned for the region. But before the bill to create two new Mojave national monuments has even had its first hearing, the California Democrat has largely achieved her aim. Regardless of the legislation’s fate, her opposition means that few if any power plants are likely to be built in the monument area, a complication in California’s effort to achieve its aggressive goals for renewable energy. Developers of...
Published on Thursday 9th of September 2010 11:13:15 PM
Our Services
Do not forget to check the lastest products and auctions related to Renewable Energy Payments as well as our free videos and podcasts.
Share this!