How much does it cost?
Rock Island Clean Line (RICL) plans to construct a HVCD transmission system that will transport wind energy from the Great Plains to the East Coast and “maybe Chicago.” RICL hopes to cross our section of Illinois.
A study on RICL Facebook recommends “the wholesale price of electricity has to go up 50 percent for the project to be feasible. The estimated cost would be $65 to $75 per megawatt (mwh) “not including the $28 mwh for transmission cost. Our electrical rates are now around $30 mwh, or the transmission cost.
RICL doesn’t say how much this energy will cost if government subsidies stop. Productive Tax Credits (PTC) provide a subsidy of 2.2 cents per kilowatt (kwh) to wind energy producers. The whole sale price of electricity is from 4 cents to 4.5 cents per kwh. Taxpayers pick up half the cost, when it comes to wind.
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