In the State of the Union address on January 25, President Obama proposed that the federal government impose an 80 percent renewable energy standard by the year 2035.
This policy would FORCE utilities and thus ratepayers to pay for politically preferred sources of renewable energy.
Oregon is often the case study for energy policies gone wrong. Oregon passed its renewable mandates back in 2007 and we are just beginning to see the impact on electricity prices.
Cascade’s newly released report should throw some cold water on the idea of forcing expensive and unreliable energy sources onto the electricity grid.
Our study estimates:
Over the period of 2015 to 2025, the mandate will cost Oregonians an additional $6.811 billion over conventional power within a range of $4.009 billion and $9.310 billion.
In 2025, the mandates will cost families an average of $247 per year, commercial businesses an average of $1,394 per year and industrial businesses an average of $11,585 per year.
By 2025, the Oregon economy will lose an average of 17,530 jobs, within a range of between 10,025 jobs under the low-cost scenario and 24,630 jobs under the high-cost scenario
Check out this article about the federal clean energy standard and what it would do to the nation’s economy: http://spectator.org/archives/2011/03/24/whose-clean-energy-standards/