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Proposal 3 Cost Report -- 25% by 2025: The Impact on Utility Rates of the Michigan Clean Renewable Electric Energy Standard

Oct 15, 2012
Generating one quarter of Michigan’s electricity from renewable sources by 2025 would not have a significant impact on electricity rates and would actually reduce energy costs in the long term, a study released today concludes.
You can download the report here.
“25% by 2025: The Impact on Utility Rates of the Michigan Clean Renewable Electric Energy Standard” concludes that the renewable energy ballot plan – Proposal 3 in the November election – would cost an average of 50 cents per month for residential ratepayers between 2015 and 2025. The cost would not come close to reaching Proposal 3’s cost cap provision, which limits cost increases related to Proposal 3 to one percent.

The study, by George E. Sansoucy, P.E., LLC and Martin R. Cohen, also concluded that more renewable energy would create more stability in electric prices and help blunt the effects of rate increases Michiganders have been experiencing due to increasing coal and oil costs.
RELATED TOPICS: clean energy, renewable energy
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