8 percent As a result the 20 percent RPS would save consumers 491 billion on

8 percent as a result the 20 percent rps would save

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reduction of 1.8 percent. As a result, the 20 percent RPS would save consumers $49.1 billion on their electricity and natural gas bills by 2020(Figure 1).19All sectors of the economy would benefit, with commercial, industrial, and residential customers’total savings reaching $19.1 billion, $17.4 billion, and $12.6 billion, respectively. With UCS running NEMS using EIA's assumptions unmodified, the results showed that a 20 percent RPS would still reduce gas and electricity prices. Cumulative savings to electricity customers under a 20 percent RPS totaled $15.4 billion by 2020, with cumulative savings to gas consumers of an additional $11.6 billion, for a total savings of more than $27 billion. A 10 percent renewable standard would save less money than the 20 percent scenario. In the UCS scenario, consumers would save almost $28.2 billion on their electricity and natural gas bills by 2020, with the savings continuing to grow to $37.7 billion by 2025. EIA's own analysis found that the 10 percent RPS would save consumers $22.6 billion by 2025.20National RPS scenarios using either UCS or EIA assumptions also show that energy bills would be reduced in every region of the country, including the Southeast, where some people have suggested there is limited low-cost renewable energy potential (Table 1). This is primarily due to the lower natural gas prices for electricity generation and other direct gas consumers that all regions would see. In addition, all regions do have some renewable energy resources, and would likely see an increase in using local resources for generation that would often displace the need for importing fossil fuel. Furthermore, the national credit trading market created by a national RPS would allow utilities in all regions to purchase RECs for the same price, providing utilities with negotiating leverage over local renewable generators.The strong relationship between renewable energy generation, and natural gas demand and prices is further supported by a 2005 Lawrence Berkeley National Laboratory (LBL) study, which reviewed 13 analyses using different computer models and assumptions. The analyses all confirmed that renewable energy (and energy efficiency) could reduce gas demand and put downward pressure on natural gas prices and bills by displacing gas-fired electricity generation. The report also found that the higher the level of renewable energy penetration, the more gas is saved, and the more gas prices are reduced. Furthermore, LBL's study shows how these results are broadly consistent with economic theory, with results from other energy models, and with limited empirical evidence.21
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UT-Dallas RPS Aff Jordan Comet Debate Institute Whoosh you were here! 41RPS Solvency: Economy A national RPS would improve the US economy by providing more jobs, increasing consumer spending, and keeping American dollars in the domestic energy market while expanding the American manufacturing base Nogee,Clean Energy Program Director with the Union of Concerned Scientists (UCS), Deyette, energy analyst with UCS, and Clemmer, Research Director for UCS’ Clean Energy Program,
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