Ohio Renewable Energy Law Cuts Costs, Emissions

by Midwest Energy News

Five years after Ohio’s renewable energy standard took effect – and a few months before it will be challenged again in the state legislature – an economist with the state’s utility regulator tried to assess how the law was working out.

Tim Benedict’s verdict: “We’re seeing more of the good than of the bad.”

More specifically, his study concludes that the addition of renewable sources of power is modestly pushing down the wholesale cost of power in the state, while also reducing the amount of carbon dioxide produced.

According to Benedict’s calculations, the renewable generators now producing power have reduced the cost of wholesale power by about 0.15 percent. When his study looked at the projected power from all renewable projects that the state has approved, including those not yet operational, the figure is closer to 0.5 percent. Read more here.

Comment: We love what we are reading but just checked our Michigan bill and the renewable surcharge is still there. – Val

The Cost Of Not Using Renewable Energy : Renewable Energy News :

The Cost Of Not Using Renewable Energy : Renewable Energy News :.

Not using renewable energy for electricity production is costing future generations over $9 billion a day – and that doesn’t costs associated with health impacts and climate change.

Solar naysayers have often used cost as a reason for not making the switch – an argument rapidly running out of steam given the plummeting prices of solar panels. Something else worth considering is the cost of not going solar.

For example, rapidly increasing electricity prices can make installing solar panels a better investment than putting money in the bank for many households.

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Do you want to pay $1,000/month to have water shipped to your home? Only 2% of the earth has fresh water, if we pollute this where will we buy the water from?