Full Title: A Wide Array of Resources is Needed to Meet Growing U.S. Energy Demand
Author(s): Sam Newell, Wonjun Chang, and Paige Vincent
Publisher(s): Brattle
Publication Date: February 20, 2025
Full Text: Download Resource
Description (excerpt):
Annual peak electricity demand in the U.S. is expected to increase 30% over the next decade, and a wide variety of resources is needed to support that and the associated economic growth; renewables and storage are ready now. A portfolio of all forms of energy resources can meet demand reliably and most cost effectively, but not all are available today.
Elimination of clean energy credits would raise customer rates, reduce economic growth and eliminate jobs. Eliminating or altering clean energy credits would dramatically reduce investment in low-cost solar and wind generation, hurting economic growth.