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