Here is the reality of the green jobs myth Obama is pushing (via a reader):
The Arizona Corporation Commission raised the monthly charge that Arizona Public Service Co. residential customers will pay in 2009 to support renewable energy to $3.17 a month from $1.32 a month.
That's a 140 percent increase for the maximum tariff on people living in homes and apartments. Businesses would see their monthly charge increase to a maximum of to $117.93 from $48.84.
Large industrial customers could see tariffs of $353.78, compared with the current cap of $146.53.
The tariffs will be worth an estimated $78.4 million to the utility, which uses the money to acquire renewable energy and pay incentives to people who use rooftop solar and other renewables.
Nothing says "jobs creation" like increasing electricity prices. Note that these prices are "per meter." Since many businesses have many meters (we have nearly 100 in Arizona), the price increase is much higher. For example, we expect to see a $2-$5 thousand dollar increase next year from this program.
Oh, but you say that this money is invested and creates jobs? Yeah, right. ) via Michael Giberson
A power producer typically gets paid for the power it generates. In Texas, some wind energy generators are paying to have someone take power off their hands.
Because of intense competition, the way wind tax credits work, the location of the wind farms and the fact that the wind often blows at night, wind farms in Texas are generating power they can't sell. To get rid of it, they are paying the state's main grid operator to accept it. $40 a megawatt hour is roughly the going rate.
This is really incredible. The power companies are constructing wind turbines and, at certain times, not only providing the power for free but actually paying the grid to take it. All to capture subsidies and tax credits paid for by these special rate surcharges. The only jobs being created are analysts trying to find the best way to rent-seek under these new laws. I would rather pay people to dig holes and fill them back in.