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climate & environment News
Little Effect on Power Prices in States with Big Renewables Goals
Three states with renewable energy standards similar to those in Michigan’s Proposal 3-Minnesota, Illinois and Colorado-are seeing little or no rise in electricity prices, undermining claims that the ballot measure will sharply increase energy costs.
Plugged In: Prop. 3 and the True Meaning of ‘Skyrocket’
Still mulling over whether Proposal 3, the renewable energy standard ballot initiative, will skyrocket your electric bill as utility ads claim? Well, here’s a true story: Consumers wants to raise residential electric rates by an average of more than $11 per month, and it has nothing to do with renewables. And, in the year ending in July, DTE Energy raised residential rates by an average of 11 percent-largely due to the rising cost of coal. Now, that’s skyrocketing!
Norway Firm’s Local Factory Highlights Prop. 3’s Potential
If Michigan voters approve Proposal 3 on the November ballot, Norway’s Dokka and several hundred other firms in the state’s renewables manufacturing sector will have good reason to expand their operations. Prop. 3 would more than double Michigan’s current renewable energy mandate, matching it with several of the state’s Midwestern manufacturing competitors, and quickly boosting the local market for turbine and solar panel parts.