Renewable energy reduces the highest electric rates in the nation
In a world getting increasingly more dependent
on electrical power for its work, generating electricity in sufficient amounts
and at affordable rates is one of the biggest problems the world faces today.
We have been learning the benefits of renewable sources for many years now but
one of its major hindrances has been sustaining the amount of power it produces
and it is often more expensive than the non-renewable energy sources.
Coal is the primary source of fuel for Midwest
electric utilities. Researchers from Michigan Technological University have
found that increasing sources of renewable energy and distributing their
generation can save a lot of money for the Michigan electric consumers.
Generating electricity for one’s own household
using solar power has become more affordable now than using traditional sources
like coal. As the use of these sources in technologies increase and the access
to this power becomes more widespread, the consumer costs for electricity
decrease.
Three researchers from Michigan Technological
University have published a paper called "Policies to Overcome Barriers
for Renewable Energy Distributed Generation: A Case Study of Utility Structure
and Regulatory Regimes in Michigan”. It was published in the special issue on
energy policies of the journal Energies.
Michigan Utilities have now begun to recognize
the benefits of renewable energy. Some utilities have started shifting their
portfolios and agendas from traditional power generation to large scale wind
and solar power generation.
It has been noted in the paper that 70% of all
coal plants operate at a cost higher than renewable energy plants and by 2030
the number will stand at a 100%. They have even provided a breakdown of the
savings the consumers will have per kilowatt hour in each county of Michigan if
they used solar photovoltaic cells to produce their own electricity.
In the Upper Peninsula, the customers can save
almost 7 cents per kilowatt hour. With an average use of 600 kilowatt hours per
month, each consumer can save $42 per bill. Downstate, this number is
approximately $30 per bill. But all consumers in Michigan cannot take this
advantage as not all utilities provide additional net-metered distributed
generation.
According to the researchers, not allowing the
consumers to install such electricity sources which are cheaper and reliable
also inhibits the grid from being more decentralized. Being decentralized makes
a grid less vulnerable to attack.
With various other
in-depth researches, this study serves to prove that if allowed to generate
their own power, the average Michigan consumer can save a lot of money per
bill.
Renewable energy reduces the highest electric rates in the nation
Reviewed by Joe
on
May 27, 2019
Rating:

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