Offshore Wind and Higher Prices Coming to Maryland
Cape Wind, Maryland, offshore wind, wind energy
By Institute for Energy Research —— Bio and Archives--August 28, 2014
Global Warming-Energy-Environment | Comments | Back To Full Article
The Department of Interior just leased two tracks off the coast of Ocean City, Maryland to a wind developer. When the wind facility is built, it will cost Maryland residents higher electricity bills due to the exorbitant cost of offshore wind. Residential customers will see up to $1.50 more a month in their bills and corporations can expect a 1.5 percent monthly surcharge once the wind turbines are up and running. But that won’t be for quite a while given the steps that are needed before construction can begin.
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