A new report shows legislative recalcitrance costing consumers and businesses $3 billion; Regressive policies seen as a sop to utilities
CLEVELAND — “Reinstating Ohio’s renewable energy and energy efficiency standards would result in billions of dollars of savings for Ohio ratepayers through 2030. That’s the conclusion of a new Wind Energy Foundation study formally reviewed by IEEFA.
Among the study’s major findings:
- Ohio lawmakers would save Ohio electricity ratepayers over $3 billion by 2030 by ending the state’s freeze on renewable and efficiency standards this year.
- Time is of the essence. Ohio can take maximum advantage of the federal wind production tax credit—set to decline through 2019—by lifting the freeze now.
- The state would do be doing right Ohioans by reforming its wind-turbine setback law, which is the most severe in the country and which is inhibiting the development of in-state wind energy.
— Cathy Kunkel, Institute for Energy Economics and Financial Analysis
link to report
