Study: Meeting Renewable Portfolio Standards costing less than previously thought in many states.

RPSBy 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.

Continued: 

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

 

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