It will not be long before the Nantucket Sound in Massachusetts will be decorated with more than 130 wind turbines that are part of a massive wind project taking place in the area.
The project has been in the works for nearly a decade and the work on building the wind turbines is finally expected to get underway next year.
National Grid has signed a contract with the Massachusetts Department of Public Utilities and will be buying a large portion of the electricity generated from the wind turbines in order to resell it to consumers.
Often when renewable resource energy is sold to consumers it is at least somewhat higher than electricity generated from traditional resources so it is important to compare rates in order to keep energy costs low.
- The 130 wind turbines will cover an area of the Nantucket Sound that reaches 25 square miles.
- The rate set for consumers to pay for the wind power generated by the project is 18.7 cents per kWh and will be effective starting in 2013.
- In Massachusetts 3.5 percent of all electricity produced is required to be generated from renewable energy resources.
- Massachusetts electricity consumers’ energy bills can be expected to jump by about 1-2 percent.
Although wind power and power generated from other renewable resources is definitely better for the planet, and will eventually cost less to generate, at the moment the cost is significantly higher than energy produced by other sources.
Residents of most states, if not all, implementing renewable resource power programs will see rate increases.
Fortunately Maryland has an open utility market so there will be many electricity companies competing for the business of Maryland residents. The option to shop around may save some customers who would otherwise be paying too much for electricity some money.
To find the lowest electricity rate where you live call Electric Rates at 1-800-971-4020 and speak to someone who can get you a quick and complete comparison.
If renewable energy is something you are interested in you may even find a lower renewable energy rate being offered by another company so don’t wait to call because time really does mean money.