PEI electricity prices are to rise 7%. What if we could set up a system where they would never rise again?
Would this be possible? Yes it is. Don't believe me? Then read on.
My point on a new view of renewable energy is that its system design has to be different from simply a new source. The point is to have many people participate.
I posted about this only a few days ago thinking that this was only a hope. But I learned from Gabe that it is already here. Have a look

This is a simple idea - let us use your roof and we will install at no cost to you a complete solar system - you have to agree to buy the power from us at a fixed price for a long time.
Now we have a new kind of power station made up like the web itself. In a sunny climate there is the potential for a vast dispersed solar system that offers its members a 20 plus year fixed price.
What if we on PEI did the same with wind? What if we offered households a small turbine for a fixed price for electricity for say 20 years. What would that do for us?
Here is a new small turbine that could be set up much more simply and cheaply than ever before. Could we not work hard at making this work?
What about testing this in your community?

Imagine your community with a major turbine at the school and a host of family turbines with a 20 year fixed price contract. More than half your electricity would have a fixed price. Even at todays costs such a turbine could save you about $50 a month. That's $600 a year. That's $12,000 for 20 years provided that prices remain the same. What if they go up?
If the Province owned and funded this - it would cost about $180,000,000. This could be funded specifically as a project with the revenues attached to the issue. It could be a prefered share for the Energy Corp. The initial yield for PEI would be in the region of 5% assuming current electricty costs. If over 20 years the price went up, the yield would rise. PEI would have a hedge against this price rise and we might have some of the cheapest power in the west. The Energy Corp would become more profitable.
Now these numbers are simply the back of an envelope but they are enough to consider working up accurately.
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