Florida Study - Bipartisan Policy Center

Figure 19 shows the total employment from agricultural feedstock production by BEAregion for 2015 and 2025. In 2015, an additional 2,888 jobs from year-to-year operations ofagricultural feedstock production are projected to occur. In 2025, an additional 5,657 jobs areprojected to occur. The largest employment impacts are projected to occur in the OrlandoRegion followed by the Gainesville Region.11.5%5.5%7.4%0.0%15.0%3.7%17.0%5.8% 0.0%3.7%20.3%1.9%8.0%14.9%7.4%Gainesville33.9%Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee Tampa15.3%28.7%Gainesville Jacksonville MiamiOrlando Panama City PensacolaSarasota Tallahassee TampaStatewide Total Employment2015 20252,888 jobs 5,657 jobsFigure 19. Employment from Agricultural Feedstock Production Under the 25% RESand 20% RES’s, By BEA Region, Florida, 2015 and 2025Economic Impacts of Potential Rate IncreasesWith the additional renewable electricity, electric rates per kWh are projected to increase.As outlined in the methods, the rate increase projections are based upon “breakeven” prices forthe various technologies and projections of electricity sales by type of technology. Shown inTable 23, the projected electricity rate change per kWh is just over 1 cents per kWh by the year2025.Table 23. Projected Electricity Rate Changes Under the Federal Policy Scenarios,Florida, 2015, 2020, and 2025YearElectricity Rate Change$/KWh25% RES 20% RES2015 .0044 .00472020 .0093 .00992025 .0115 .0109The projected economic impacts occurring each year from the rate changes (Table 24) aredisplayed in Table 25. Notably, including multiplier effects, in 2025, the negative impact onhousehold incomes decreases total industry output by $1645.1 under the 25% RES and by$1,559.4 under the 20% RES.Federal Renewable Energy Portfolio Standard Impacts on Florida ___ 31