Connecticut Auction Cuts Clean Energy Costs -- and Offers a Greener Path for the Country

Before you go, we thought you'd like these...
Before you go close icon
solar panelsConnecticut has driven down the costs that customers will incur for their public utilities' clean-energy purchases through an innovative reverse auction. The newly-launched program is the first of its kind, but there's a congressional proposal with language directing the Energy Department to set up reverse, renewable-energy auctions on a nationwide basis.

The legislation has languished in the current Congress, but it will be back -- and its sponsor can now point to the promising outcome in Connecticut, where Democratic Gov. Dannel Malloy has led a charge for "cheaper, cleaner, and more reliable" electricity.

To read the rest of the article on AOL Energy, click here.

Read Full Story

Markets

S&P 500 2,259.53 13.34 0.59%
DJIA 19,756.85 142.04 0.72%
NASDAQ 5,444.50 27.14 0.50%
DAX 11,203.63 24.21 0.22%
HANG SENG 22,760.98 -100.86 -0.44%
NIKKEI 225 18,996.37 230.90 1.23%
USD (per EUR) 1.06 -0.01 -0.57%
USD (per CHF) 1.02 0.00 0.12%
JPY (per USD) 115.38 1.32 1.16%
GBP (per USD) 1.26 0.00 -0.05%

From Our Partners