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

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015