According to their annual report on the issue, all of Michigan’s utilities except one are expected to meet the 2015 target of 10 percent. In 2012, the state’s utilities managed to generate more than five percent of their energy from renewable resources, and nearly reached seven percent by the end of 2013. So far, $2.2 billion has been invested in renewable energy projects.
Michigan’s 2008 energy policy has yielded sustainable results because of its balanced approach. By establishing practical goals, it has allowed investors to make conscientious decisions regarding their commitments to renewable energy. Moreover, the gradual process of integrating renewable resources ensures reliable access to energy in the short-term while strengthening Michigan’s energy future.
Steady Progress and Improved Cost-Effectiveness
We’ve previously discussed how the steady progress we’ve made on renewable energy has proven to be a money-saver. In fact, DTE Energy and Consumers Energy, two of the state’s largest energy producers and largest investors in renewable energy technologies, have been able to reduce standalone renewable surcharges they had to add to their customers’ bills beginning in 2009.
Moreover, local energy companies have developed more than 1,000 megawatts of renewable energy—enough to power nearly 1 million homes for a year—helping lead Michigan to a more sustainable energy future and, ultimately, helping secure more affordable, reliable energy for all Michiganders.
Could Electric Deregulation Affect Our Progress toward Renewable Energy?
Among its other potential negative consequences for Michigan, expanded electric deregulation has the possibility to undermine investment in renewable energy. Electric deregulation would weaken our state’s ability to produce the energy we need—from both traditional and renewable resources by creating an unstable environment for the investment that is so crucial to moving forward with renewable energy.