Renewable Energy In ISO New England -- June 22, 2020

Electricity is relatively inexpensive in New England today, but look at the contribution being made by renewable energy. It's almost embarrassing considering how much resources, time, money, advocacy have been poured into renewable energy over the years decades. And look how absolutely steady, dependable nuclear energy is.

Five percent -- that's the contribution being provided by renewable energy -- in the big scheme of things, is a rounding error, in the sense that if "renewable energy" somehow disappeared today, natural gas could fill the void, and probably at a cheaper rate once all the costs are factored in.

For ISO New York, the renewable energy contribution is even more laughable. In this case, "wind" energy really is a rounding error, coming in at 0.12% contribution. Not 12%; not 1.2% but 0.12%. That's almost not even measurable. Thank goodness for hydroelectricity, I guess. And thank goodness Amazon, Inc, didn't build in Long Island -- the electricity demand would have been huge and prices would have gone up significantly. AOC knew what she was doing when she stopped Amazon, Inc, from coming into her neighborhood.

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The Financial Page