North Carolina has a highly-regulated, monopoly controlled electricity market where investor-owned utilities (IOUs) make most+ of the decisions about where our power comes from. As a result, we do not have a true free market where energy technologies, including renewables, can enter and compete on price and quality.
Clean energy policies, such as North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS), encourage a healthy energy mix in North Carolina by allowing limited windows for technologies to enter and compete in our monopoly electricity market. In return, these policies benefit not only clean energy businesses, but all North Carolina electricity consumers – even those who do not use renewable energy or energy efficiency – through lower overall energy bills, higher local tax bases, and jobs.
They also benefit energy providers. Clean energy is a fiscally prudent alternative to traditional, fuel-dependent resources, whose associated costs are unpredictable.
+Approximately one-third of NC electricity customers are served by electric membership corporations (“co-ops”) and municipal and university-owned electric distribution systems (“munis”). Read more here and here.
4800 Six Forks Road
Raleigh, NC 27609