EnviroCitizen.org has found that green energy is good for a number of reasons. However, even though green utilities have proven to be fruitful and beneficial, many power and utilities companies still express their concerns that emerging technologies that provide green utilities are costly and expensive. EnviroCtizien.org will further explore green utilities below.
Much of the growth and development in the green utilities sector is largely because of the stated renewable mandates and the tax breaks that are sponsored by the government which instructs these utility companies to provide green energy at certain levels. The main objective is to create demands that will attract field suppliers that can eventually lead to the growth and development of better as well as more environmentally-friendly products and services. This is not only beneficial for our environment; it is also a healthy process for the bottom line companies that provide them.
Currently, there are 22 states that have already created their renewable portfolio standards. 9 other states are still considering the rules and regulations that require these utility companies to provide power by using green sources. However, the hesitation of federal lawmakers is also genuine because each region in the country has their own base of natural resources. Thus, any federal mandate can weigh subsequently heavier in some areas.
Today, around 20% of all utility companies nationwide participate in green energy movements and programs. These are 600 utility companies that provide services to around 40 million customers in 34 states. They also provide the ability to buy renewable energy at some levels. Consumers from different states can guarantee the advancement and development of renewable energy by purchasing credits from these utilities.
The state of New York initially required its utility companies to incorporate green energy to a quarter of their electric supply by year 2013. Ever since this announcement, the rules have been further strengthened. Long-term power and utility agreements provide more financial security as the companie's plants have achieved and reached their targeted returns. Their investments are being sustained by the rising prices of traditional fuel as well as with the purported environmental benefits and government subsidies.
The growth and development of green utilities will continue nationally, however, fossil fuel plants that can capture and bury nuclear generation and carbon emissions may be the finest facilities in the future. It is also important to know that investing in renewable energy to provide green utilities is not risk free. Companies are nervous about putting their capital into these emerging technologies which are not likely to give an immediate payback. Hence, proactive companies also suggest that you can greatly overcome this resistance by making "integrated resource planning" techniques which can forecast the generation needs and what is needed in order for this to provide power. Before forming any solid opinions on how we should handle green utilities as a country, EnviroCitizen.org encourages you to perform further research.