The Competitive Edge of Wind Energy

While the renewable energy sector is enjoying a great subsidy stimulus provided by the government, it is also developing a continuous competitive edge against other conventional energy resources by its own.

Recently, New England’s wind power industry got a major success when the state’s biggest utilities –   National Grid, Northeast Utilities, and Unitil Corp. – signed contracts to buy 565 megawatts of electricity from six major wind farms of Maine and New Hampshire. This wind-generated energy will be bought at a price lesser than the cost of other conventional sources, including coal and nuclear plants. This electricity would be enough to provide power for approximately 170,000 homes.

Robert Rio, a spokesman for Associated Industries of Massachusetts saidthat  the power can be obtained at a low price.  The power is renewable.   The citizens of Massachusetts can get their facility.  At the Department of Public Utilities, the contracts were filed in collaboration on Friday.  The customers will get the benefit of 75 cents and $1 in a month.

The wind and solar energy sectors are gaining momentum because of the helpful government policies according to which utilities need to acquire a certain percentage of power from renewable sources. In Massachusetts, the utilities are required to acquire 15 percent of their power from renewable sources by 2020.

Source: http://www.bostonglobe.com/business/2013/09/22/suddenly-wind-competitive-with-conventional-power-sources/g3RBhfV440kJwC6UyVCjhI/story.html

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