Declining cost of renewable energy prompts DTE Energy to lower bills
LANSING, MI -- Michigan customers of DTE Energy will finally get a reprieve on their utility bills if the Michigan Public Service Commission (MPSC) approves the utility's plan to eliminate its renewable energy surcharge.
"Michigan's renewable energy standard is saving families and businesses, as shown once again by DTE's decision to eliminate its renewable surcharge," said Wibke Heymach, Moms Clean Air Force regional manager for the Midwest. "The Michigan Legislature has a real opportunity to help ratepayers save even more by increasing our renewable energy standard this year."
Reacting to the declining price of wind energy, which is now cheaper than all other forms of energy, DTE today filed an amended renewable energy plan to completely eliminate the surcharge. Consumers Energy has already eliminated its renewable energy surcharge as the cost of renewable energy has been driven down through advances in technology over the past several years.
Some of Michigan's most recent wind contracts came in at just $43 per megawatt hour, significantly lower than the cost of coal and nuclear, which range from $108-$133 per megawatt hour. The costs of solar also continue to decline with a recent bid for solar with the Lansing Board of Water and Light coming in at just $45 per megawatt hour.
"Our use of renewable energy is saving families money while improving the health of Michiganders around the state," said Heymach. "Transitioning to more clean, renewable energy will reduce complications from asthma and lung and heart disease. By increasing our use of renewable energy, policymakers can protect the health of kids, seniors and families."