Clean Energy Jobs Act will reduce electricity bills
From a news release issued by the Citizens Utility Board (CUB):
MADISON – The Citizens Utility Board would like to note that the energy efficiency and renewable energy provisions of the Clean Energy Jobs Act, as amended, will result in lower electricity bills than under a business-as-usual approach.
The Public Service Commission recently conducted an analysis of future electricity bills if investments in energy efficiency and renewable energy are increased as proposed in the amended Clean Energy Jobs Act (CEJA).
Using conservative assumptions, the analysis by the Public Service Commission shows that the costs to meet electricity demand through 2025 are lower by at least $1.4 billion when compared to a status quo reliance on fossil fuels for producing electricity. In addition, the analysis shows that average monthly residential bills would increase more under the status quo reliance on fossil fuels than under the amended CEJA bill until the year 2025, when the status quo is $0.62 per month less, and with the most conservative analysis assumptions.
The PSC’s analysis does not include the positive impacts to the Wisconsin economy from increased investments in energy efficiency and renewable energy, which other studies conclude will create thousands of jobs in Wisconsin during the next 15 years.