City representatives encountered high winds to and from Thursday evening’s Northwest Iowa League of Cities meeting in Everly, where they learned the benefits of that wind.
“As the cost of energy rises … and the cost of putting in renewables, including wind energy, comes down, there will be a point where it’s just as economical to utilize wind energy as it is to draw from a coal power plant,” Mike Fisher of HR Green told those in attendance.
Though natural gas prices are at an all time low, they are bound to increase as the commodity has been approved for exportation at the same time that drilling for natural gas is ceasing in some areas.
“So you have to think about the long-term play in terms of hedging your energy costs,” Fisher said of the possibility of locking in a low rate for wind energy compared to variable rates for other energy sources.
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