Report: Renewable energy cheaper than coal in Michigan

A new report from Michigan Public Service Commission says that the cost of renewable energy is now less than coal in the state, in part due to Michigan’s Renewable Energy Standard.

The report says the RES has helped Michigan’s economy by generating $100 million in investments from 2008 to 2011 and spurred manufacturing and business growth.

The report says that all renewable energy sources in Michigan cost significantly less than coal per megawatt/hour, with renewables costing an average of $91.19/MWh, lower than the $133/MWh for a new coal plant. According to the report, Michigan is on track to meet the current RES of 10 percent by 2015. However, only around 3.6 percent of Michigan’s electricity currently comes from renewables.

Earlier this month, the Energy Innovation Business Council released a study showing Michigan’s advanced energy manufacturing sector – solar, wind, advanced energy storage and batteries, and biomass – generates $5 billion a year in economic activity and supports 20,500 jobs a year.

Read the full report from MPSC here.

Read more renewable energy news

Sponsored by FLSmidth

Related Articles

Acciona Windpower opens wind tower production facility in Mexico

Acciona Windpower, a subsidiary of Acciona Group, completed construction on a concrete wind tower production facility in Mexico.

Bills would guarantee dominance by 2 big Michigan utilities

Michigan would end 15 years of competition in the electricity market and its 10 percent renewable power requirement would be left intact - but not rise - under a rewrite of the state's energy law proposed Thursday by a key Republican.

Follow Power Engineering on Twitter
Latest News

Dominion looks to SCC to approve Greensville Power Station

Dominion Virginia Power (NYSE:D) asked the Virginia State Corporate Commission (SCC) for...

SunEdison begins construction at wind energy project in Maine

SunEdison (NYSE: SUNE) secured financing for and started construction on the 185-MW Bingham W...

PNM files ownership plan, coal supply deal with regulators

New Mexico's largest electric provider says it's on track to meeting a deadline for submittin...

Oklahoma attorney general challenges EPA's clean-air plan

A plan by the U.S. Environmental Protection Agency to reduce emissions from coal-fired power ...

Wave Energy Week will mix marine energy developers with traditional hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in ...

Public Service Company of Oklahoma seeks rate increase

Public Service Company of Oklahoma is asking for a 13.6 percent rate increase it says is need...

GAO looks at reliability impacts of changing power generation mix

The Government Accountability Office (GAO) on June 29 released a study provided a month befor...

On the day after MATS decision, Bernstein sees only a limited reprieve for coal units

In light of the U.S. Supreme Court ruling against the EPA's Mercury and Air Toxics Standards ...

Power Engineering Current Issue

02/01/2015
Volume 119, Issue 2
1502PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Expiration of Initial Due Diligence Period

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Ex...

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas Prices, an Industrial Info News Alert

Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas P...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>