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

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.

SunEdison expands services to include energy storage

SunEdison Inc. (NYSE: SUNE) has acquired the energy storage project origination team from Solar Grid Storage LLC, a provider in deploying combined energy storage and solar PV systems.

Follow Power Engineering on Twitter

Latest News

Bills would guarantee dominance by 2 big Michigan utilities

Michigan would end 15 years of competition in the electricity market and its 10 percent renew...

SunEdison expands services to include energy storage

SunEdison Inc. (NYSE: SUNE) has acquired the energy storage project origination team from Sol...
 Siemens announces new CEO, Power and Gas

Siemens announces new CEO, Power and Gas

Siemens (NYSE: SI) announced that Willi Meixner will serve as the chief executive officer (CE...

FPSC approves PPA for Chesapeake Utilities to receive energy from CHP facility

The Florida Public Service Commission (FPSC) has approved a 20-year power purchase agreement ...

Li-ion batteries taking over energy storage market

Lithium-ion (Li-ion) batteries have become the dominant technology in grid energy storage, ca...
 GE gas engine achieves more than 50% efficiency

GE gas engine achieves more than 50% efficiency

GE (NYSE: GE) Power & Water’s Distributed Power business said the company achieved more t...
 Wärtsilä to deliver Smart Power Generation plant to Kansas municipal utility

Wärtsilä to deliver Smart Power Generation plant to Kansas municipal utility

Wärtsilä has been awarded a contract to supply a 56-MW Smart Power Generation power plant to ...
03/04 Henry Hub Average Natural Gas Spot Prices

03/04 Henry Hub Average Natural Gas Spot Prices

The Henry Hub is the pricing point for natural gas futures contracts traded on the New York M...

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

Composers Make Con Edison Grants Sing

Composers Make Con Edison Grants Sing

US-Energy Company Announces Plans to Implement Renewable Energy Projects Throughout Sierra Leone

US-Energy Company Announces Plans to Implement Renewable Energy Projects Throughout Sie...

Verso Corporation Reports Fourth Quarter and Year-End 2014 Results

Verso Corporation Reports Fourth Quarter and Year-End 2014 Results

Dynamic Materials Comments on Delay in Issuing Fourth Quarter and Year-End Earnings Release; New Earnings Release and Conference Call Date Set for March 16, 2014

Dynamic Materials Comments on Delay in Issuing Fourth Quarter and Year-End Earnings Rel...

Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014

Vantage Drilling Company Reports Fourth Quarter and Record Annual Results for 2014

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 >>