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A national clean energy renewable electricity
standard, a key piece of the clean-energy legislation
currently before Congress, would save households and
businesses in every state billions of dollars in electricity
and natural gas bills. A renewable clean energy standard
would require a certain portion of the nation’s electricity
to come from clean, renewable sources such as wind, solar,
and geothermal.
The map below shows the cumulative savings from residential
electricity and natural gas use per household under a clean
energy renewable electricity standard from 2010-2030 in the
lower 48 states. It also shows the cumulative savings for
all residential, industrial, and commercial electricity and
natural gas usage. (Note: Data from Alaska and Hawaii is
unavailable).
The numbers come from the Union of Concerned Scientists, who
earlier this year analyzed a renewable clean energy
electricity standard that would aim to have 25 percent of
our electricity come from renewable sources by 2025.[1] They
found that this standard would save families and businesses
$95 billion in electricity and natural gas bills through
2030 and spur new investments and hundreds of thousands of
new clean-energy jobs.
The savings are in 2006 dollars and are discounted each year
at 7 percent (after inflation), the standard for assessing
future costs and benefits by the Office of Management and
Budget.[2] Variation comes from the state’s current blend of
electricity sources and the trajectory of various types of
electricity prices under a phased-in renewable clean energy
electricity standard.
These savings arise because an increase in renewable clearn
energy usage eases demand for coal and fossil fuels,
increases competition, and reduces the whole system’s
susceptibility to price shocks.
While in many cases the savings per household may seem
modest, the bottom line is clear: a bold, renewable clean
electricity standard would save families and businesses
money, encourage investment in clean energy, create jobs,
and help to stave off catastrophic climate change.
What’s more, the bolder the set of renewable energy targets
is, the better the result for families, businesses, and the
planet. As Marchant Wentworth of the Union of Concerned
Scientists explained, a less ambitious target would mean
“less money in people's pockets, fewer jobs, and a continued
dependence on dirty fuels.”
http://www.americanprogress.org/issues/2009/05/renewable_energy_savings.html |
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