in News Departments > New & Noteworthy
print the content item

A new analysis released by the Energy Information Administration (EIA) has found that, contrary to popular belief, the Clean Energy Standard Act of 2012, introduced in March by Sen. Jeff Bingaman, D-N.M., would not raise electricity rates, at least in the first 10 years following its enactment.

Under Bingaman's proposal, beginning in 2015, large retail utilities - excluding those in Alaska and Hawaii - would be required to obtain 24% of the electricity they sell through clean energy sources, with the mandate increasing by 3% each year through 2035.

The bill does not limit the mandate to renewables like wind and solar, but also includes several other low-emissions and clean energy resources such as renewable biomass, natural gas, hydropower, nuclear power or qualified waste-to-energy, as well as "clean" coal with carbon-capture technology.

According to the EIA report, because the proposal includes a variety of energy sources - including natural gas and nuclear power, and not just renewable energy - it would lead to an increase in all of these sources of generation.

Wind power would benefit substantially - in fact, along with biomass, the most of any other resource - from Bingaman's proposal, according to the analysis. The EIA predicts that under a clean energy standard (CES), U.S. installed wind energy capacity would more than double from 39 GW in 2010 (48.6 GW currently) to 92 GW in 2035.

In terms of generation, U.S. wind energy production would increase from 95 TWh in 2010 to 268 TWh by 2035 under the CES.

The EIA also forecasts that the legislation would lead to improved industrial efficiency and reduce the power sector's greenhouse-gas emissions by 20% in 2025 and by 45% in 2035.


Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id