TORONTO—Despite rhetoric that renewable energy is cheap, wind and solar power generation comes with large—yet often ignored—costs that increase electricity prices for residents and businesses, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Electricity systems are complex, and too often policymakers pursue renewable energy sources such as wind and solar without understanding their true costs,” said Pierre Desrochers, Fraser Institute senior fellow, associate professor at the University of Toronto Mississauga and co-author of Generating Electricity in Canada from Wind and Sunlight: Is Getting Less for More Better than Getting More for Less?