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Report says the cost of renewable energy is coming down


LANSING (WKZO) -- A draft report released by the Governor’s office says Michigan could one day have 30% of its energy supplied by alternative sources like water and wind, what they call a renewable portfolio standard.

The MIRS News Agency says the report was released Friday and its one of a set of reports.  It states that the cost of renewable energy sources, particularly wind energy is coming down and it’s now the least expensive form of renewable energy.

It also states that Michigan consumers have paid 675-million in surcharges for renewable energy, and that most of those surcharges are expected to be greatly reduced or eliminated by electric providers beginning in 2014, because they are no longer necessary.

Environmental and renewable energy groups are hailing the report, and say its time to start investing more in renewable energy production.

 The report is just a draft and they plan to receive public comment on the document before releasing a final version.