Potential Impacts of a Renewable and Energy Efficiency Portfolio Standard in Kentucky

MACED wanted to understand the impacts legislation like Rep. Marzian’s Clean Energy Opportunity Act (HB 167) might have on jobs, electric bills, and the economy in Kentucky and a comprehensive analysis of a bill like the Clean Energy Opportunity Act has not been part of the policy conversation to date. MACED contracted Synapse Energy Economics to conduct a high-level analysis of the impacts a Renewable and Energy Efficiency Portfolio Standard (REPS) could have in Kentucky. The study concludes that making small but significant steps to begin diversifying Kentucky’s portfolio over the next ten years will lower the bills of Kentucky’s residents, business owners, and industrial facilities compared to their bills without a clean energy standard.