Clean energy law reducing electricity costs in Ohio

[xchrom]

http://grist.org/news/clean-energy-law-reducing-electricity-costs-in-ohio/

More than 1,000 renewable energy projects have been built in Ohio during the past five years — part of a scramble by utilities to comply with the state’s renewable energy standard. The biggest project, a wind farm, cost $600 million.

So how much are the state’s electricity customers being forced to fork out for this flurry of climate-friendly construction activity?

Nada. Not even nada — less than nada. An analysis [PDF] by the Public Utilities Commission of Ohio concludes that all those green energy projects have actually reduced the price of wholesale power in the state, albeit just a little bit.

It’s true that such projects cost money to build. But, unlike fossil fuel–powered plants, their fuels — solar radiation and wind — are free. The lower long-term energy costs of all those clean power facilities has “suppressed” the market rate for dirtier forms of electricity in Ohio, the study found.

[madokie]

1. That is what we call positive feedback

Coal and nuclear are on their way out whether anyone wants to admit that or not. Sure it will take a while to get there but for the sake of this planet's life forms we much quit using both of these.

[farmbo]

2. And Kasich has fought it all the way ...

Yay Ohio!

[progressoid]

3. Huh. Imagine that.