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

Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995