A new analysis says legislation to cut electricity use and rely more on renewable energy sources would save Illinois consumers $1.6 billion by 2030. The Citizens Utility Board analyzed the Illinois Clean Jobs bill, which would require electricity use to be reduced by 20 percent by 2025, and increase the share of electricity coming from sources such as wind and solar to 35 percent by 2030. To achieve those savings, CUB Executive Director David Kolata says two things must happen.
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“The first thing is pass the bill, because that sets the right policy framework,” Kolata said. “Then we need to make sure that the smart grid programs that are being rolled by Ameren and ComEd, that that is basically tied into meeting the objectives of the clean jobs bill.”
As for competing legislation backed by Exelon, ComEd’s parent company, Kolata says that would cost consumers $300 million a year to help cover costs of the company’s nuclear plants. Unlike the clean jobs bill, Kolata says the Exelon-backed bill wouldn’t result in savings or create jobs.