This small amount of market competition netted
the average ratepayer a savings of approximately $ 8.71 in 2014 because of the REPS.. In the absence of a free market, energy policy must be consistent and enable enough competition to attract investments and jobs, and deliver savings to North Carolina's electric ratepayers.
For
the average ratepayer, an annual electricity bill will escalate from $ 1,700 per year to $ 2,800 by 2015 and by the time the renewables envisaged in the LTEP are largely in place (expected in 2018) an average ratepayer will be paying in excess of $ 4,000 annually — well over a doubling.
Those exports will hit
the average ratepayer with costs of over $ 220.00 per annum.
The state chapter of the Sierra Club said the program has helped create or save 18,000 jobs at a cost of about $ 6 yearly to
the average ratepayer, and accused the governor of «taking the side of corporate polluters.»
About 4 million of
those average ratepayers, however, will have to pay from $ 6 - $ 8.00 more per month if they use gas as a source of warmth (gas furnace) or hot water to cover the costs of the cap and trade tax starting January 1, 2017.
Not exact matches
Meanwhile
ratepayers were required to pay the GA ($ 113.03 / MWh
average as at May 31, 2016) which created a subsidy for New York, Michigan, and others of $ 5.8 million.
The cost of the MWh generated by the IWT dropped to about $ 650,000 for the day, and the HOEP
averaged $ 35.95 / MWh, meaning the cost of exports for Ontario
ratepayers for that day was $ 1.5 million or only 30 cents each.
In the interim years, however,
ratepayers in the province have seen their
average rates rise from 4.3 cents per kWh to an
average of 9 cents per kWh for a jump of 4.7 cents or 109 %.
The utilities» compliance with the REPS is expected to save
ratepayers $ 651 million by 2029, and in 2014, the
average residential customer saved over $ 8 due to REPS — a number that factors in the less than $ 1 /
average monthly REPS compliance fee on customers» electric bills.
We sold it at an
average of 2.36 cents per kilowatt hour (kWh) and were paid $ 242 million, but it cost Ontario's
ratepayers just over $ 1 billion.
Unfortunately for
ratepayers, it was a beyond the norm windy day — industrial wind turbines spread throughout the province were spinning well beyond their yearly
average of 29/30 % of capacity.
Each of the kWh delivered by IWT, at a cost of 30.9 cents / kWh was 2.8 times the
average cost set by the OEB and billed to the
ratepayer.