Renewable energy cuts Texans' electricity bills, report finds - Houston Chronicle
Renewable energy cuts Texans' electricity bills, report finds
A new study shows since 2018 renewables have helped reduce consumer electricity bills by as much as $200 compared to if the state had never introduced wind and solar power. Getty Images
Wind and solar energy has helped save Texas residents as much as $200 per year on their electricity bills over the past five years, according to a new study from consulting firm IdeaSmiths.
The report, paid for by the nonprofit Consumer Fund of Texas, which funds consumer advocacy research, looks at how growth in renewable energy has affected wholesale electricity prices in Texas over the last dozen years. Report author and IdeaSmiths partner Joshua Rhodes said that since 2010, renewables have reduced wholesale electricity prices by more than $30 billion overall.
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