October 28, 2013
Politics and energy may need to be considered to work towards a clean energy mix. The review of legislation is occurring that may not produce the energy mix for the future. Sustainability avows that considering the actions of today for tomorrow is relevant to a robust smart energy infrastructure. The news on bills challenged are not a surprise but will have long-term effects on the state’s and business economy which are in nexus. The latest challenge or change is the “Op-Ed: Ohio S.B. 58 would undo renewable energy progress” is under vote this November.
“Ohio Senate Bill 221 (S.B. 221), passed into law in 2008, established statewide renewable energy and efficiency improvements, including provisions that called for 12.5 percent of power generation from renewable sources by 2025, and a 22.2 percent cumulative electricity efficiency savings by 2025, with a 7 percent peak demand reduction by 2017 for electric utilities. Now, five years after passing S.B. 221, legislation has been introduced by William Seitz (R-Cincinnati) in the Ohio Senate (S.B. 58) that would overhaul the current state policy pertaining to energy efficiency standards and advanced and renewable energy standards. A vote is expected by mid-November,” reports My Daily Register.
According to the study, S.B. 221 has positively impacted the state’s energy efficiency and renewable portfolio from 2008-2012:
Total Electricity Demand: – 2.57 percent
Electricity Cost: – 1.41 percent
Total Renewable Electricity Generation: + 63.76 percent
Total Power Sector Employment: + 16.77 percent
Total Government Investment: + 8.46 percent
Total CO2 Emissions: – 1.92 percent
The results of energy mix provided by the “study points out that increased investments in the energy sector stimulated GDP by $160 million in 2012 and created over 3,200 Ohio jobs in the period from 2008-2012.”
The revision of the law will adversely effect energy development and progress not to deflate oil and gas but to provide an energy rich mix that engages as redundancies against failures or security breaches.
“If S.B. 58 is enacted, the effect will be an electricity bill 3.9 percent higher than if S.B. 221 were left unchanged,” it states. “This translates into increases of $1.1 billion between 2014 and 2020, and $3.65 billion between 2014 and 2025, with average increases of $300 million.”
Further, changes effect businesses on the ground profoundly producing alternative solutions and their growing supply chain i.e. manufacturing, In consideration, of grants and increased technologies invented those funds are minimized as state’s due to politics are changing platforms.
The work of energy efficiency and smart metering are effected as those gains are reduced by rising costs. The goal is to reduce inefficiencies and work toward effective smart grid transitions that produce a strong infrastructure.