CHEAP WIND CUTS MICH ELEC RATES

Cheap Michigan Wind Energy Set To Save Consumers $15 Million Annually

Silvio Marcacci, June 9, 2015 (Clean Technica)

"Higher consumer prices are often cited by fossil fuel interests to oppose state renewable energy targets, but…[Michigan utility] DTE Electricity has asked regulators to let it cut monthly residential electricity rates, citing fast-falling wind energy costs as it works to comply with the state’s 10% by 2015 renewable portfolio standard (RPS)…[Millions of customers could save $15 million per year and state legislators would] get a powerful new reason to expand the current RPS after it is reached and expires…Assuming DTE’s request is approved, the surcharge will disappear from the bills of its 2.1 million electricity consumers in January 2016. Michigan’s other major utility, Consumers Energy, eliminated its 53-cent renewable energy surcharge in July 2014. Both utilities also say they will meet the 10% renewables goal by the end of this year…[T]he US Energy Information Administration just projected wind power would be cheaper (on average) than any other type of generation except the most efficient natural gas technology by 2020…” click here for more

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