The True Cost of Renewable Energy | Renewable Energy News Article
The True Cost of Renewable Energy
What does renewable energy cost? Isn't it still more expensive than fossil fuel electricity? Way more? In a word: no.
A recent Los Angeles Times article typifies the confusion on this issue, misreporting significantly the results of a draft report issued by the California Public Utilities Commission in 2009. The article stated that achieving incoming governor Jerry Brown’s vision of 33% renewables by 2020 would cost Californians $60 billion. The article also stated that this goal would require a 14.5% electricity rate hike.
Setting aside the fact that it was actually Gov. Schwarzenegger who put in place the 33% mandate with an executive order, let’s look at these numbers.
Setting aside the fact that it was actually Gov. Schwarzenegger who put in place the 33% mandate with an executive order, let’s look at these numbers.
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