The argument that an increase in renewable energy in the United States means more expensive electricity has pervaded the debate on renewables versus fossil fuels for decades. A new DBL Investors’ report “Renewables Are Driving Up Electricity Prices. Wait, What?” examines the 100-year-old utility business model by looking at the top and bottom 10 states that derive electricity from renewable sources. The report reveals that over the last ten years greater generation from renewables did not equate to skyrocketing electricity prices. In fact, states generating more electricity from renewables often experienced average retail electricity prices well below states producing less electricity from renewables.
