When Oregon passed legislation that requires utilities to stop generating electricity from coal by 2030, utility company Pacific Power claimed the switch to renewable energy would skyrocket the price of electricity. Clean energy project developers came out with a report that suggests otherwise, with an expected jump of just 0.1% through the year 2028. Since then, Pacific Power has prepared contracts with 11 large solar farms and one wind array, which will come online within the next year and a half. Oregon’s transition from fossil fuels to renewables displays that it’s not only possible to do so, but that it can also be done for a bargain.
Dropping prices for renewables makes transitioning from coal a bargain
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