MICHIGAN’S NEW ENERGY POTENTIAL

Michigan study shows ‘modest’ costs to expand renewables

Andy Balaskovitz, January 13, 2015 (Midwest Energy News)

“Michigan could expand its renewable energy portfolio standard to 25 percent over the next 10 years at a cost of $2.60 a month for the average household, according to [ Expanding The Renewable Portfolio Standard For Michigan: A Study from] the University of Michigan’s Energy Institute…That price tag could be cut in half if key federal tax credits are extended…The state is on pace to meet a 10 percent goal by the end of this year, based on a 2008 state law. Michigan lawmakers and the governor’s office have been planning what to do next in terms of clean energy goals and are expected to propose policy changes this year…[The] report projects costs under three different scenarios compared to a business as usual model: 20 percent by 2030, 25 percent by 2025 and 40 percent by 2035. The 2030 goal would cost the average household $1.70 a month, or less than 2 percent of the customers’ bill. The most ambitious 2035 goal would cost the average household $6.70 a month…By the final year of each scenario, carbon intensity could be reduced by 13 percent, 20 percent and 33 percent in the 2030, 2025 and 2035 goals, respectively…” click here for more

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