Recently, Delmarva Power has proved its concern for the customers. On the basis of analysis and polling, Delmarva Power was not ready to accept the terms of Bluewater Wind. It clarifies its stand by saying that cost of wind power is too high for the rate payers. And customers will not be able to bear this huge cost of wind power.
Delaware University’s Jeremy Firestone and Willett Kempton are working hard over these issues. They have generated the most probable cost of wind power as compare to fossil fuels.
According to their predictions, bid of Bluewater would cost the ratepayers around $5.04 monthly more as compare to conventional power over a contract of 25 years. According to Firestone, “People (in the survey) were very supportive of wind even when we asked about price premiums much greater than the per-month premium they actually will have to pay.” He further added, “Approximately 80 percent of Delaware residents would rather pay at least $30 per month for three years to locate a wind farm off the Delaware coast than to build another coal or natural gas plant.”
Kempton also added that people are ready to pay $500 million. He further stated that, “By our estimates, health benefits from this much improvement in air quality include approximately eight fewer deaths per year from power-plant pollution-related causes, 3,500 fewer asthma attacks, and 10,000 fewer person-days of restricted activities,” he also added, “Over 25 years, the financial value of these health benefits is over $1 billion.”
Image : thelope
Via : tommywonk
