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Environmental Capital – WSJ.com : Could More Renewable Energy Mean Lower Power Prices?

 Could More Renewable Energy Mean Lower Power Prices?
THE WALL STREET JOURNAL  October 9, 2008, by Keith Johnson The big knock against renewable energy like wind and solar power is that they are more expensive than traditional forms of power like coal and natural gas. But what if the impending explosion of renewable energy in the U.S. brings power prices down?
That’s the take from a new report by Bernstein Research. The idea? Renewable energy is poised to take off in the U.S., not because it is economically competitive today, but because so many U.S. states are pushing it (including Michigan, the latest state to join the bandwagon.) That presents a threat to earnings at U.S. utilities, Bernstein says.

Environmental Capital – WSJ.com : Could More Renewable Energy Mean Lower Power Prices?

Tags: renewables, energyefficiency

October 10, 2008 - Posted by Christina Macpherson | ENERGY