The City of Georgetown announced yesterday that it will provide the entire city with clean, affordable renewable energy by 2017. This is thanks to new contract with Sun Edison to provide 150 megawatts of solar energy by the end of 2016 and the City’s existing wind energy contracts.
The primary reason cited by the City for choosing 100% renewable energy is to protect customers against volatile and rising fossil fuel energy costs and regulatory uncertainties. A recent Public Citizen report shows this is a wise financial move. That report demonstrates that shifting from coal power to alternative energy sources could result in significant savings for electric utilities and their customers. The switch will also save the Texas public in pollution-related health care costs and economic losses due to premature mortality.
Wind and solar are clean, safe, and financially sound energy options. As our report shows, it’s no longer clean energy that’s expensive. Now it’s coal that is too costly to continue.
Georgetown’s 25-year contract with Sun Edison will protect its ratepayers from natural gas price spikes and from costs associated with old coal plants. Wind and solar energy prices are predictable and affordable because they have no fuel costs and don’t pollute.
Switching to renewable energy also reduces water use. As water scarcity continues in Texas, drought-proof energy sources are increasingly important. Wind power requires no water and solar only uses a small fraction of what fossil fuel energy sources use. Water has been a limiting factor for energy production for fossil fuel generators and will likely continue to be in the future.
If more Texas cities follow Georgetown’s lead, our state will be in a better positions to tackle the challenges of reduced water supplies, unhealthy air pollution, and fluctuating fossil fuel prices. This is an exciting time, because utilities no longer have to choose between clean energy and affordable energy – they are one in the same.