New Energy Cuts Customer Electricity Bills

Renewable energy reduces the highest electric rates in the nation

Kelley Christensen, March 14, 2019 (Phys.Org)

“…As renewable energy technologies and access to distributed generation like residential solar panels improve, consumer costs for electricity decrease. Making electricity for yourself with solar has become more affordable than traditional electricity fuel sources like coal…[but, while utility fuel mixes are slowly shifting away from fossil fuels toward renewable sources, U.S. utilities broadly] continue a relationship with fossil fuels that is detrimental to their customers [according to new research]…[The study found that 70% of U.S. coal plants run at a higher cost than New Energy and all coal plants will run at a higher cost] by 2030…

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…[In Michigan’s Upper Peninsula, residential customers who purchase distributed solar] could see savings of approximately 7 cents per kilowatt hour. Assuming the average residential consumer uses 600 kilowatt hours of electricity monthly, this is a savings of $42 per utility bill…Downstate, the average savings per utility bill under the researchers' model is approximately $30 monthly…[A]s this study demonstrates, if utilities allow customers to generate their own power in addition to the power they consume from the grid, residential customers would see a substantial decrease in their electric rate…” click here for more

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