Blowing in the wind
To the Editor:
Record Hill Wind has a direct stake in its success by way of the taxpayers to the tune of $6.6 million per year based on taxpayer subsidy of $53 per megawatt hour times 125,000 annual megawatt hours of production.
They must have felt the generosity of this taxpayer gift when they offered a free 500 kilowatt/hours of electricity to every resident in Roxbury.
Following is their statement, not mine :
"Our purpose in making this offer is to form a direct link between the existence of the project and each resident’s positive experience of living in the town. We want all residents to have a direct stake in the success of the Project."
"This benefit would be worth about $600 annually to each year-round residence and about $200,000 annually to all residents collectively."
So, your partner, Record Hill Wind, has offered you a direct stake in the success of producing electricity at a tremendous rate of 3% of this taxpayer gift. Santa Claus or what?
By the way, some developers have contracted to sell their electricity for $99.70 per megawatt hour, adding even more to their success.
We have heard $60 per megawatt hour is required payment for wind to achieve success. The fuel is free. No Cost.
Even if Record Hill Wind paid for each resident's entire electric bill, $960,000 annually to all residents collectively, this represents a direct stake of only 14.5 percent of the taxpayer gift.
The developer further states "it will provide protection against rising electricity costs that result from higher fuel charges for natural gas, oil, biomass, and other fuels that have typically increased faster than the overall rate of inflation."
He means to say his costs to providing electricity to all Roxbury residents will go down over time, It's blowing in the wind. Here's to your success, Record Hill Wind.