May 19, 2013

Wind power lowers costs and greenhouse gas emissions

New report finds that wind energy in the mid-Atlantic region will lower electricity prices, save ratepayer's $6.9 billion dollars, and lower greenhouse gas emissions to help fight climate change by 14%.

Adding more wind power to the grid in the PJM region can lower gas and coal consumption and reduce regional wholesale energy market prices, saving nearly $7 billion per year in the mid-2020s, according to a new study conducted by Synapse Energy Economics on behalf of Americans for a Clean Energy Grid (ACEG). The report found that doubling the wind generation already planned in the region would lower fuel costs and drive down prices by $1.74 per megawatt hour (MWh) in the largest wholesale competitive energy market in the world, PJM, which includes all or parts of 13 states and Washington, D.C. The savings also extend into the regions interconnected with PJM.

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