If America starts using more renewable energy, what will that do to our electricity prices? While some claim that getting electricity from the sun and wind is cheap and affordable, the real world experience of European countries that have taken this route has proven otherwise. Currently the cost of electricity is about 12 cents per kilowatt hour in the U.S. But in Spain, which has invested heavily in renewables, the cost is about 28 cents per kilowatt hour. Ditto for Germany, a world leader in solar power, and Denmark, a leader in wind power, which both pay nearly three times as much for electricity in their country than we do here in America. Maybe it’s time to power down renewable hype.
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