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Competition for Cleaner Energy Will Pay Dividends for Climate and the Economy

Charles Hernick of CRES writes for Power on the benefits of energy competition.

The C3 Take
  • Today, 75% of households are served by a utility that has a carbon or emissions reduction goal.
  • Competition in electricity markets has saved customers money and has allowed climate goals to become more mainstream as utilities are forced to respond to consumer demands.
  • As the demand for clean and reliable energy continues to grow, greater competition will prove to be beneficial for our environment and our economy.

“The bottom line is that competition has helped deliver these benefits to consumers. Across the country costs have stayed low and reliability overall has been maintained. In America’s largest regional wholesale power market, PJM, competition has helped save $3.2 billion to $4 billion in annual electricity costs.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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