Re: Update on Wind power on the Big Island


"If" someone spends the money to construct a wind farm, don't you think that
they would want to recover the cost of building the wind farm as fast as
possible? How can they recover the upfront cost, "if" they do not charge
for the cost of construction?

"Alvin E. Toda" <aet@xxxxxxxx> wrote in message
news:1185000902-sch@xxxxxxxxxxxxxxxx

In today's Star-Bulletin,

http://starbulletin.com/2007/07/20/news/story11.html

Seems the new system on South Point is working well and
producing a lot of power as predicted. But utillity
changes haven't be coming down. The article explains
that's because they pay a high rate for the wind power
and so can't justify reducing utillity costs to their
customers. That's the way the law is written:

"But the wind power is not lowering electricity bills,
even though it is locally generated, unlike the
imported oil the state is so heavily reliant on.

"HELCO pays for the wind farm electricity by
calculating the "avoided cost," or the cost the utility
would have to pay if it were to build or generate power
on its own.

"Lee said rates vary because they are tied to oil
prices."

Perhaps this is good because the profits of the owners
of the wind farm are greater for the "avoided cost".
High profits are an important incentives for
entrapaneurs and helps the state meet it's
sustainability goal of 20% generation by renewable
resources rather than imported oil.


.

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