A new report completed by Synapse Energy Economics on behalf of Americans for a Clean Energy Grid (ACEG) concludes adding more wind power to the PJM region can lower gas and coal consumption and reduce regional wholesale energy market prices saving nearly $7B per year by the mid-2020s. The new report, issued May 9, 2013, is titled The Net Benefits of Increased Wind Power in PJM.
Key findings are
The report suggests the following next steps to achieve these proposed cost savings through increased reliance on wind power:
PJM Interconnections is a regional transmission organization that coordinates movement of wholesale electric in all or parts of DC, IL, IN, KY, MD, MI, NJ, NC, OH, PA, TN, VA and WV.
Synapse Energy Economics, Inc. is a research and consulting firm that specializes in energy, economic and environmental topics.
Americans for a Clean Energy Grid supports policies that will modernize the U.S. electric power network. The new report is available on ACEG's website at http://cleanenergytransmission.org.
Read more at Corporate Environmental Lawyer Blog by Jenner & Block LLP.
For more information about LexisNexis products and solutions, connect with us through our corporate site.