02/26/2014 - Two economists who favor scaling back Ohio’s energy efficiency standard admit they did not consider all potential benefits in their recent reports criticizing the current law.
Last week, an industry group released two reports finding fault with an analysis that projects billions of dollars in costs and thousands of job losses if Ohio’s renewable energy and energy efficiency standards are rolled back.
The new reports conclude that the costs of energy efficiency programs outweigh one benefit—lower wholesale energy prices. The reports’ authors acknowledge, however, that they did not calculate any other potential benefits.
The new reports are basically “nitpicking,” responds Joseph Fiksel. He heads The Ohio State University’s Center for Resilience, which did the modeling work last fall.
More importantly, supporters of the current law say, the reports don’t address basic problems in a pending bill that would scale back Ohio’s energy efficiency law. read more>>>