Clean energy bill could produce jobs, lower bills
An important new study released today strengthens the case for passing the Clean Energy Opportunity Act (HB 167) in Kentucky.
Under legislation offered by Rep. Mary Lou Marzian, electric utilities in Kentucky would gradually increase the share of their electricity that comes from energy efficiency programs and renewable energy over the next ten years. The bill requires utilities to get 12.5 percent of their electricity from renewable energy and achieve 10.25 percent cumulative savings from energy efficiency efforts by 2022.
Today's study by Synapse Energy Economics, Inc. estimates that those requirements could create 28,000 net new jobs and reduce average electric bills by 8-10% over the next ten years, compared to a "do-nothing" scenario.
The study was released by the Mountain Association for Community Economic Development (MACED). Below are some key quotes from MACED's press release:
"This study confirms that legislation to diversify our electricity portfolio would be economically beneficial to Kentucky," said Justin Maxson, President of the Mountain Association for Community Economic Development. "The bill would allow the state to hedge against increasing rates by making homes and businesses more energy efficient. And it would spur the creation of clean energy jobs installing renewable energy projects and making energy efficiency upgrades."Efficiency and renewables are already the emerging trend in construction in the Commonwealth," said Kentucky solar entrepreneur Matt Partymiller of Solar Energy Solutions in Lexington.
"This report by Synapse captures what Kentucky engineers and contractors already know and what other states have already seen. Legislation like the Clean Energy Opportunity Act will provide the tools necessary for Kentucky builders to create jobs while ensuring Kentucky energy costs stay low."
The report predicts that electricity rates in KY will rise and the percentage of our electricity that comes from burning coal will decline under either a do-nothing scenario or passage of the Clean Energy Opportunity Act. Natural gas is expected to displace some of the electricity that is now produced by coal under either scenario.
Synapse carried out the study for the Mountain Association for Community Economic Development, a Berea based economic development organization, and the Kentucky Sustainable Energy Alliance, a coalition of over 50 businesses, affordable housing advocates, non-profit organizations and faith based groups.
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