in News Departments > New & Noteworthy
print the content item

According to a report - "Weighing the Costs and Benefits of State Renewables Portfolio Standards: A Comparative Analysis of State-Level Policy Impact Projections" - released by Berkeley, Calif.-based Lawrence Berkeley National Laboratory, increased deployment of renewable energy driven by state renewable portfolio standards (RPS) is not expected to increase electricity rates dramatically.

State RPS policies have emerged as one of the most important drivers of renewable energy in the U.S., the lab says. Collectively, the RPS policies that are in place apply to roughly 40% of U.S. electricity load. But the adoption of these policies often hinges on debates over the expected costs and benefits of increased renewable energy use.

"These studies have been conducted by a wide range of organizations and persuasively demonstrate that state-level RPS policies need not break the bank," says report co-author Ryan Wiser.

According to the study, 70% of state RPS cost studies predict that the required renewable energy deployment will raise retail electricity rates at the state level by less than 1% where those standards are in place, though some studies predict more unfavorable outcomes, and six of the studies predict cost decreases. On average, the studies predict that state RPS impacts would cost an average household roughly $0.40 per month, though studies predict a wide range of possible outcomes around this average value. In addition, many of the studies evaluate the potential benefits of state RPS obligations, including economic development benefits, risk mitigation and environmental gains.

The full report can be downloaded from http://eetd.lbl.gov/ea/ems/re-pubs.html


Trachte Inc._id1770
Latest Top Stories

Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.


How To Mitigate Blade Issues And Costly Downtime

Routinely inspecting your turbine's blades can help identify problems early on, ultimately cutting down unscheduled maintenance costs.

Renewable NRG_id1934
Canwea_id1984