Publish Date: February 1, 2024
Pennsylvania’s Alternative Energy Portfolio Standards (AEPS) require electricity suppliers to include specified percentages of renewable energy and several alternative energy production technologies in their supply mix, creating a market mechanism to increase demand for those energy resources—but the law’s requirements plateaued in 2021.
A new report written by Gabel Associates and released by Advanced Energy United, MAREC Action, and the American Clean Power Association found that more than $13.1 billion could be invested in Pennsylvania over the next seven years and 129,000 jobs could be created if policymakers increase the AEPS to require 30% renewable generation by 2030.
Our report shows that even accounting for ratepayer impacts, Pennsylvania would still realize net economic benefits of $8.3 billion from 2024 to 2035. The AEPS increase is an opportunity to shift towards clean energy, not just as a commitment to sustainability, but also as a strategic move towards economic prosperity and job creation.
Please complete the form to download the report.