by Guy Lebida
Are you angry about the high cost of electricity? Well, so am I.
There are several reasons for the extreme escalation of energy prices here in Maine. Currently, most of our electricity is produced from natural gas and oil, but that will be changing in the near future with catastrophic results. Please remember most prices are based on supply and demand. Here in the Northeast, we use a lot of oil.
In January 2021, natural gas pipelines in Pennsylvania and the Keystone Pipeline coming down from Canada were shut down by presidential executive order. In addition to this, future oil and natural gas drilling in federal lands were curtailed and not approved in order to promote green new deal production. So all these actions lowered the availability of oil and natural gas which in turned caused a shortage and thus raised the prices. We are seeing the consequences at gas stations and grocery stores now.
Keep in mind that when the wind isn’t blowing and the sun isn’t shinning the so called green energy isn’t producing electricity.
So hear me NOW when I tell you that the electric costs here in Maine will at least quadruple in the next 10 years from today’s high prices.
Here are two reasons why we will see electric prices at least quadruple: Every solar panel that gets installed will raise everybody’s bill that doesn’t have solar panels. The same goes for industrial windmills but only worse.
Here is why solar and wind power will raise all our electric bills as opposed to Hydro power which is our cheapest form of generating electricity. The wholesale price of hydro power is 3.5 cents, solar power is approximately 16 cents, and wind power is 27 cents.
Recently a law called the “New Green Deal for Maine”-LD 1282-was passed in the 129th session and is causing economic damage. This law ignores hydro power as a renewable energy source. More on this in a future article. This new law was passed with all democrat votes and no republican votes and of course the Governor signed it. This new law will require 80% of all electricity generated in Maine to come from solar and wind by the year 2030 and 100% by 2050. Before this new law, 30 % of the electricity generated in Maine was required to come from renewable resources; hydro was excluded again. Other laws were passed to limit hydro power to 100 mega watts, with no limits on solar or wind. Follow the money and you will see why.
Taxpayer funded subsidies are constantly given to solar and wind and none to hydro. If subsidies weren’t given to solar and wind hardly anybody would be installing them. They are too expensive and inefficient.
The bottom line is: Get ready for sky high electric bills, high costs of goods and brown outs with shortages of electricity. Of course if we win the majority with conservatives with common sense, we can repeal these hurtful laws. It would be nice to be able to afford to live in this beautiful State.