Governor Charlie Baker Cuts Price Cap On Wind Projects

Vineyard Wind’s wholesale energy price last year was around 6.5 cents per kilowatt-hour. Governor Charlie Baker and the Legislature are concerned, new bidders will shy away from trying to compete at that price.

Baker and the Legislature agreed to amend the fiscal year 2020 state budget to eliminate the price cap until 2021 and then no one knows if and when the price cap will be re-established.

The supposed purpose of the cut is to get more bidders but ultimately your electric bill will become a second mortgage on your homes.

The ocean wind turbine companies already receive money from you the taxpayers in the form of clean energy investment tax credits.

Also, the New Bedford Marine Commerce Terminal an ocean wind turbine port cost the taxpayers 115 million dollars and a bond payment of $187,500.00 a month for thirty years and later the Massachusetts Clean Energy Center lost a twenty million dollar dredging lawsuit to the contractors. Taxpayers should think of that the next time you buy new tires for their cars.

The New Bedford ocean wind turbine port hurricane gates only have a legal clearance of 120 feet in which wind turbine jack-up barges do not fit and the port has no rail link. The port is currently being used as a junkyard.

The ocean wind turbine companies are financed from Europe and all the parts including the base of the turbines will not be made in the USA.

The foreign wind companies look to be taking our Natural Resources, the environment in the ocean including an unknown number on mammals and our money ultimately raising your electric bill.

Massachusetts state officials have said these ocean wind turbine projects will lower your electric bills.

Bottom line :
There has never been an ocean wind turbine project in the world that lowered electric rates.