Ohio enacts tough renewable law
Ohio now becomes the 26th state, including California, New York and Texas, to adopt renewable energy portfolio standards (RPS) - tough new laws which are creating one of the most dramatic shifts in the delivery of energy to American consumers ever.
Dozens of planned coal, natural gas and diesel-fired power plants have been cancelled across the country. Instead, 60-gigawatts of wind and solar power (enough energy to serve 20 million American homes) will be constructed, according to a new study by the Lawrence Berkeley National Laboratory.
Not surprisingly, wind and solar companies are enjoying record growth. Solar wafer maker ReneSola and photovoltaic company Yingli Green Energy both received upgrades from analysts at Piper Jaffray recently.
But as busy as the solar companies are wind is America's renewable energy of choice. Last year the wind industry installed an astonishing 5244-megawatts of new wind power outpacing solar's 254-megawatts by 20-1. The American Wind Energy Association estimates Ohio's new RPS law on its own will result in at least $10 billion of new wind energy project investments.
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Typical Ontario electricity bill set to increase nearly 2% as fixed pricing ends
TORONTO - Energy bills for the typical Ontario home are going up by about two per cent with fixed pricing coming to an end on Nov. 1, the Ontario Energy Board says.
The province's electricity regulator has released new time-of-use pricing and says the rate for the average residential customer using 700 kWh per month will increase by about $2.24.
The change comes as Ontario stretches into its eight month of the COVID-19 pandemic with new case counts reaching levels higher than ever seen before.
Time-of-use pricing had been scrapped for residential bills for much for the pandemic with a single price set…
