AARP voices concern over renewable energy costs – Colorado Springs, Colorado

Date:

Colorado Springs, Colorado 2022-01-20 23:46:05 –

Denver, Colorado — This week, Colorado’s AARP has expressed concern about rising utility costs and the costs associated with converting to renewable energy in the state.

The group strongly supports the transition to renewable energy, but leaders said they were afraid that home payers would be required to absorb an unreasonable percentage of the cost of the transition. ..

Bill Levis, a retired lawyer and former executive director of the Consumer Advisory Board (now the Public Utility Consumer Advocacy Bureau), said: Testified on Wednesday On behalf of AARP to the Colorado Public Utility Commission.

The Commission is currently hearing a proposed settlement in a proceedings involving Xcel Energy’s customers.

“AARP supports clean energy,” Levi’s said. “That would be very true for those who can’t afford it, and that’s our concern.”

of His discussion of PUCLevi’s has listed a number of recently passed state laws that allow utilities to pass on costs associated with the transition to renewable energy to payers.

for example, Senate Bill 21-072 Call on power companies to establish a regional transmission organization under the newly established Colorado Transmission Bureau. Under this law, PUC may allow power companies to recover subscription fees and other participation fees associated with their participation in the RTO.

Under Senate Bill 19-077Utilities can charge customers up to 0.5% of the total cost required to develop a charging station for an electric vehicle.

Senate Bill 19-236 Power companies can charge customers the equivalent of 1.5% of their annual electricity bill to pay for the costs associated with the early retirement of coal-fired power plants by 2030.

“If the plant is not paid off, it will not be repaid by then because it has a useful life of at least 2040. For the Pueblo 2070 Commanche 3, those costs are rate-based,” Levi’s explained. “And who is responsible for paying on a fee basis, but who can’t afford it?”

He said many businesses and wealthy families can afford to avoid these extra costs by simply switching to solar. However, the cost of solar equipment is not realistic for those who live on bonds.

“The ones who can’t afford the network are those who stick to the bill,” Levis said.

Keith Hay, Head of Policy for the Colorado Energy Office, was previously an advisor to the Public Utility Commission.

He pointed out that PUC as a regulatory body is responsible for considering the cost of utility investment and ensuring that the cost is reasonable.

“We are witnessing the energy transition. Overall, I think the state could actually do it in a way that kept costs fairly reasonable,” Hay said.

He added that the Police administration has worked with lawmakers to pass a series of bills to help consumers reduce energy costs.

“We will expand the definition of customers covered by income support, enable them to invest in their homes through energy efficiency that reduces energy costs, and expand the state’s weathering program,” Hay said.

He also has the cost of replacing renewable energy

“Examination of earlier evidence shows that customers are very likely to save a significant amount of money, and in any case, they pay less than they would otherwise.”

For the current rate adjustment settlement, PUC has not yet made a decision. Xcel has asked the Commission to raise the base rate of housing by 13%. The increase was reduced to 6.44 percent in the proposed settlement agreement.

Levi’s said the earliest rate hike could reach a customer’s invoice in April.

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AARP voices concern over renewable energy costs Source link AARP voices concern over renewable energy costs

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