From the Minnesota State News:
Going green cost rural electric ratepayers in Minnesota more than $70 million last year, according to the Minnesota Rural Electric Association (MREA). The MREA represents about fifty mostly small, rural electric co-ops and utilities which serve more than 625,000 Minnesota homes and businesses.
“It’s an enormous subsidy. You have to add wind power, whether you need it or not,” said Mark Glaess, MREA executive director. “Right now we’re paying for wind we don’t need, we can’t use and can’t sell.”
What has happened to the taxpayers of Minnesota will also happen to the taxpayers of Australia.
The Gillard government’s Clean Energy legislation is an attempt to dictate market supply and demand, and it will produce the failure that this kind of central planning always produces – a massive waste of taxpayers’ money. As a result, Australian taxpayers have to pay energy costs well above current market levels at a time when their disposable income has become more and more restricted. It’s yet another demonstration of the folly of central planning.