LANSING (AP) - A new report finds that most of Michigan’s electricity providers are on pace to generate 10 percent of their power from renewable sources by 2015.

The Michigan Public Service Commission’s annual renewable energy report released Friday finds the use of wind, the sun and other renewables was expected to have reached 4.7 percent last year. The estimate was 4.4 percent in 2011 – up from 3.6 percent the previous year.

The report also finds the average price of renewable energy contracts is less than what was forecast and substantially lower than new coal-fired plants.

Gov. Rick Snyder recently launched a yearlong study to help set energy policies for Michigan, including whether to require renewable sources. A law enacted in 2008 established the 10 percent standard.

© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.