By Katherine Tweed | GreenTech Media
Late last year, a study found that California’s 33 percent renewable portfolio standard (RPS) could result in a “rate impact bomb” in coming years.
A new report from the Union of Concerned Scientists, however, found that for fourteen of the 29 states with an RPS where data was available, all but one had a cost increase of 1.6 percent or less.
The examples came from across the U.S.: Michigan was on track to meet its 10 percent RPS at lower costs than anticipated; Xcel Energy has anticipated that meeting the RPS in Minnesota by 2025 would cost an additional 1.4 percent; Rhode Island’s RPS is costing households an extra 62 cents per month in 2010; and Duke Energy customers in North Carolina paid an extra 21 cents per month in 2012 to support the state’s RPS.
If you’d like to discuss energy issues, contact Court Rich, Co-Chair of Rose Law Group’s Renewable Energy Department at crich@roselawgroup.com
