Economy, Budget and Taxes

electric rates/taxes and the economy/jobs

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WILLIAM FORTUNE
- LEE
electric rates/taxes and the economy/jobs

Electricity at 6 cents/kwh and 15 cents will allow people to keep more of the money that they earn and allow industries to pay higher wages: join us.
Seabrook station produces about 1/2 of NH's electricity at a cost of about 2.5 , cents/kwh, before taxes, per the Energy Information Agency.
There are several small hydro plants that produce power at about 1.3 cents/kwh (approx. 100 MWs).
Because of increased regulations we are not certain the cost of power generated by fossil, but in 2015 the National average was 3.7 cents.
Transmission costs from Canada to Concord, NH is 4 cents/kwh. Therefore, the cost to deliver power to everyone in NH from NH generators can not be more than 3 cents (PSNH claimed their cost was 2 cents)
So lets assume that the average cost of electricity is a high of 3.5 cents and delivery to your meter is 3 cents for a total cost of 6.5 cents.
The only way to "get to the bottom" of this is to have the legislature make law to form a commission. Sununu says "lots of pieces to the puzzle". Apparently he isn't capable of comprehending; tells me "not enough transmission lines".
Most of the cost of electricity above 6 cents (at your meter) is the results of meddling by the legislators. Many think that the power companies pay taxes and for all other programs and regulations. Fact is that the customers pay for everything, including lots of overhead to administer programs. Reports are that bureaucrats and media people can't and won't comprehend "overhead costs". They only see the superficial issues. For example, the SBC (0.0033 $/kwh), the CORE program, the REP program, the FCM program and FGGE, the EAR program, the DR program, SCRC, ETC and Federal programs, although on the face cost only fractions of cents, the admin or overhead costs are high. It takes an army of people and banks of computers to comply with the more than 150 pages of regulations (NH only), not counting the many pages of statutes (laws). (96 pages alone of regulations for net metering ). And taxes: The town of Hampton wants to raise taxes on electricity so they can have more money for their schools. With this stupid idea, Y not eliminate all property taxes and just have the utility companies "pay" the taxes. But the utility companies don't print money, can't pay, they collect; they get it from YOU.
Another cost is welfare to at least 7 (some international) companies that burn wood. (PSNH, Newington is no. 8). Total output 246 MWs. Although wood burning causes pollution (micro particles), U are paying about double for that electricity to "help" people in the North Country be employed.
A Spanish company invested in the Laidlaw plant in Berlin so they could get Carbon Credits. PSNH (now Eversource) was "forced" to purchase that power at a high price with an escalator clause as a function of the cost of purchasing wood.
Another "pull the wool over your eyes" scheme is the fact that NH sold Renewable Energy Credits and put some of the money into the general fund; $35 million. Another cost is for the staff the utilities need to keep the politicians continuously informed during power outages. Most, if not all, Overhead costs.

As for "alternatives"/renewables: Solar cost is a function of interest lost on cash invested + principal & interest paid over the life of the loan, divided by 12 years or 144 months (life of the system before replaced with less expensive power or shut down because of excessive solar production). Income is the average kw hours/month (4.2 hrs/day; U.S. Solar Map, zone 5), times the value of energy sold (3.5 to 4 cents/kwh). The estimated cost utilities pay for that power is 6 cents/kwh; a cost to other ratepayers.
Not even the "rich" have enough money to pay for all the batteries needed to replace the 2 NH coal fired power plants (about 585 MW). (enough batteries for 3 days with no sun + many "black-start" diesel or gas generators.)

Net Metering: solar power needs to be sold for 3.5 cents/kwh and purchased back at the going rate of 15 cents/kwh, otherwise others are paying to maintain/operate the distribution system and power plants.

ALL "alternatives" and energy reduction programs are soon to be obsolete ! The new power plants can produce power for approx. 2 cents/kwh and even less if we don't waste the "waste" heat.

We request that the NH Legislature remove all taxes, programs, regulations from the electric utility companies and let market forces produce and distribute electricity; we estimate that to be presently approx. 6 cents/kwh at your meter.
Electric rates will only be reduced when U join us and demand it !
Bill Fortune, indust.consult@rcn.com 603 365 0251
Also; MISSED FORTUNE, ManchesterTV.org, ch. 23

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