Vote Yes on SB 103: Renewables Cut Power Costs $177 Million/Year; Supported by 87% of Illinois Voters
Wednesday, May 29, 2013
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Renewables Save Hundreds of Millions for Ratepayers
The Illinois Power Agency recently issued its 2013 report on the costs and benefits of renewable energy in Illinois. It found “a savings of $176.85 million” in total payments for electricity generation in both 2011 and 2012.
SB 103 Would Save Ratepayers $281 Million MORE Between 2014-2017
According to an analysis verified by both the ICC and IPA, SB 103’s unified competitive procurement approach would save Illinois ratepayers an additional $281 million between 2014 and 2017.
87% of Illinois Voters Support Renewables
A Clean Energy Trust/Zogby poll of 700 likely voters earlier this month found 86.7% of likely Illinois voters support “policies to bring renewable energy to Illinois.” 77% support SB 103.
Unintended Conflict Has Broken Down the Law
As reported in the Chicago Tribune (“Energy Fund Lacks Power”, May 13, 2013) and Crain’s Chicago Business (“A Mighty Wind Problem”, April 8, 2013), the RPS law has broken down because of an unforeseen conflict with the municipal aggregation tidal wave.
A No-Cost Fix
SB 103 contains a simple solution to resolve this problem that preserves rate caps and increases efficiency.
Fix the RPS - Vote Yes on SB 103