LANSING, MI (AP) – Michigan would end competition in the electricity market and its renewable power requirement would be left intact but not rise under legislation introduced by a key Republican.
House Energy Policy Chairman Aric Nesbitt said Thursday that guaranteeing Michigan’s two dominant utilities 100 percent of sales in their regions would save customers money. Competitors who sell power to businesses and schools are allowed up to 10 percent of the market under a 2008 law.
Nesbitt says his goal is ensuring there’s reliable electricity going forward.
Critics say competition is needed to restrain energy costs.
Businesses that buy power in the alternative market say eliminating competition would raise their bills. Environmentalists say Michigan should require the use of more renewable energy sources.
The current requirement is 10 percent by year’s end.