Renewables Raise Utility Bills Despite Falling Solar and Wind Costs

A report from the Little Hoover Institute, an independent California oversight agency that has been active for about fifty years, titled, “Rewiring California: Integrating Agendas for Energy Reform,” argued the case that the state of California may be moving too swiftly toward its 2020 Renewable Portfolio Standard requirement of having renewable sources for 33% of the state’s energy. Despite the falling costs of solar and wind energy, the great increase in new policies may actually result in higher energy costs for the consumer as both the policies compete and the investor-owned renewable energy sources that the state has signed contracts with try and derive the greatest amount of profit from their agreements.

 

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