Dive Brief:

• Renewable energy costs in Michigan are falling, according to a report from the Michigan Public Service Commission (PSC).
• The average cost of renewables in Michigan has dropped to $78.39/MWh, according to the report. The most recent wind contracts in the state range in levelized costs from $50/MWh to $59/MWh, about half the cost of renewable contracts in 2009.
• Michigan has added 1,182 MW of renewables since the state's 10%-by-2015 renewable portfolio standard (RPS) became law in 2008.

Dive Insight:

The PSC report will likely become part of the debate on whether Michigan's RPS should be extended. The drop in wind prices matches recent reports from around the U.S.

"Progress toward Michigan's 10-percent-by-2015 renewable energy standard is going smoothly," John Quackenbush, PSC chairman, said.