Can Michigan Achieve 10% to 16% Energy Savings

In a draft report, Michigan revealed that it has surpassed its 1 percent annual electricity savings targets by 116 percent to 124 percent. That was achieved at a cost of $20 per megawatt-hour, much less than the $60 per megawatt-hour for electricity from gas-fired units, said Michigan Public Service Commission Chairman John Quackenbush in this podcast interview. Now, the commission wants to achieve 10.8 percent to 14.7 percent savings for gas, and 14.5 percent to 16.1 percent savings for electricity over the next 10 years. Is that possible? Listen to learn more about Michigan's incentives for utilities and its problems with its de-coupling efforts.