RI bill rewards renewable energy users
RHODE ISLAND - Homeowners who use renewable energy systems such wind turbines or solar panels for power could get a financial boost under a new Rhode Island law.
Gov. Don Carcieri announced that he signed legislation permitting people to get a credit on up to 10 utility accounts or get a cash refund when their green power systems send surplus energy back into the power grid for others to use.
The General Assembly passed similar legislation last year, but state utility regulators limited the credits to only five utility accounts.
Rep. David Segal, a bill sponsor, said in a written statement that people who operate green power projects shouldn't have to give away their electricity for free under rules that benefit power companies.
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U.S. power demand seen sliding 1% in 2023 on milder weather
WASHINGTON - U.S. power consumption is expected to slip about 1% in 2023 from the previous year as milder weather slows usage from the record high hit in 2022, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO).
EIA projected that electricity demand is on track to slide to 4,000 billion kilowatt-hours (kWh) in 2023 from a historic high of 4,048 billion kilowatt-hours (kWh) in 2022, before rising to 4,062 billion kWh in 2024 as economic growth ramps up.
Less demand coupled with more electricity generation from cheap renewable power sources and lower natural gas prices is forecast…
