The phase-out of earth-based fuels like oil and gas is in full swing. And in the not-too-distant future, average American households could end up paying energy bills that are 2,800 percent higher than they are currently.
In order for wind and solar power generation to keep an industrialized economy grinding, these technologies require a lot of backup battery power – backup battery power that costs a fortune at upwards of trillions of dollars.
David Wojick, writing for Watts Up with That, calculated that the average household electricity bill under a fully implemented Green New Deal paradigm would reach $52,500. Here is the process he used:
1) The amount of electricity storage capacity that would be needed to replace today’s earth-based fuel electricity generation systems nationwide is about 250,000 MWh (megawatt hours).
2) At a cost of $300,000 per MWh of storage capacity, the cost of purchasing enough batteries for this would be $75 trillion. Spread out over 20 years, this amounts to $3.75 trillion annually.
3) Right now, U.S. households use a collective 1.5 trillion KWh (kilowatt hours) of energy annually. Each individual household uses about 10,500 KWh per year at a cost of roughly $2.50 per KWh.
4) Extrapolated to scale, the average cost per year just to store enough “clean” and “green” energy per household is $26,250 – compare this to the current annual electricity bill average of $1,800 per household.
5) On average, annual electricity bills per household will increase at least 14-fold if the Green New Deal is fully implemented as planned.
6) When you factor in electrification of both transportation and gas heat, the cost could increase 28-fold, resulting in an economic collapse of epic proportions.
“In short everyone’s electricity bill will be 14 times greater than today if wind and solar replace today’s fossil fuel powered generation under the Green New Deal,” warns Wojick.
“This will be true of industrial and commercial consumers as well which will drive up the cost of virtually all goods and services. This impact is truly inflationary.”
Hellbound and Down 