Illinois legislation promises a renewable energy revolution. But who would pay?
Isn’t that the age-old question? Who will pay? Perhaps it’s the actual cost, the time or the impact to our environment that will be paying the price.
Illinois has two pieces of legislation that could alter the energy, environment, and economics of the state.
These two bills differ in supporting how to obtain more renewables as both want to increase the current goal to 100% renewable by 2030.
- The Clean Energy Jobs Act (CEJA) largely builds on the 2017 Future Energy Jobs Act that caused a solar installation rush. The CEJA would expand incentives for training and jobs while constructing more solar. They are supported by environmental and community groups.
- The Path to 100 is supported by the renewables industry and would accelerate the goal of 100% clean energy in Illinois.
How it gets paid: essentially by changing how the capacity market procures the energy Illinois needs.
Both bills would encourage the move toward lower priced solar while minimizing the disruption to oil, gas, and nuclear.
The debate is in the right place. Solar energy is the cheaper cost and causes less impact to the environment. Creating incentives now to capitalize growth and allow transition into this less costly energy source will setup Illinois for the future.
Realgy Energy Services is a registered Retail Energy Marketer in the states of Illinois, Michigan, Indiana and Ohio. We offer Service Plans that will provide electric and natural gas at wholesale pricing direct to customers without any utility markup. Our Service Plans work with the local utility to provide seamless service and annual energy savings. Service Plans include Guaranteed SavingsTM, ManagedPriceTM, ManagedGreenTM Index, Fixed and PriceAssuranceTM.
Realgy owns and operates 7 solar plants in Illinois and is looking to invest in additional locations.
Additional Information: https://energynews.us/2020/02/24/midwest/illinois-legislation-promises-a-renewable-energy-revolution-but-who-would-pay/