31 May '12, 9pm

Midwest Study: Adding More Wind Power Will Save Money

The report, conducted by Synapse Energy Economics and commissioned by Americans for a Clean Energy Grid, found that wind power could drive down the wholesale price of power by $3 - $10 per megawatt hour (MWh) in the near term and up to nearly $50 per MWh by 2030. Those savings would be passed along to consumers through lowering retail electricity prices by $65-$200 each year. The analysis also found that new transmission is needed in the region to tap wind power; however, investments in transmission are small compared to the savings they would reap, providing more than a 2 to 1 return on investment throughout various scenarios. The connection between new transmission and cost savings to the consumer is something that the wind power industry has been highlighting for several years. “This analysis illustrates a basic fact about our power system — building transmission to unl...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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