
Renewable Energy means lower energy bills….why stop that?
The lowest cost energy production in the United States is wind and solar.
There are many reasons for this, starting with the fact that neither of these require to pay for fossil fuels to generate electricity for 25 years. Wind and solar is the cheapest electric production sources across the world. The scale of investment drives down the costs of adoption and has improved the efficiency in the technologies steadily for 20 years.
The Federal Government supports both fossil fuel (since 1890) and renewable energy production (since 2002).
Consider:
In the U.S., newly built solar and wind farms can provide power at a cheaper rate than 99% of the country’s remaining coal plants. Even fossil gas, the workhorse of the U.S. grid, struggles to compete with new clean energy. A study from Think Tank RMI found that portfolios of solar, wind, and batteries paired with utility energy-efficiency investments can serve grid needs at a lower cost than newly built gas-fired power plants.
So, what is the impact from the US stopping the investment and advantages that our past Federal Government support has bought? Well, an increase in energy costs! Yes, an increase in energy costs, roughly 0ver $90/year per household.
Just like a teeter-totter push one end down the other goes up. If the US wants to increase fossil fuels use it will increase the costs of energy for all US consumers, while the rest of the world’s energy price goes down.
Realgy Energy Services is a registered Retail Energy Marketer serving commercial customers in the states of Illinois, and Indiana. 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 11 solar plants in Illinois and is looking to invest in additional locations.