in News Departments > New & Noteworthy
print the content item

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.

The report focuses on the 2021-2026 period and finds that doubling the wind generation already planned in the region would lower fuel costs and drive down prices by $1.74/MWh in the PJM region, which includes all or parts of 13 states and Washington, D.C.

“Consumers save when more wind is installed on the grid because wind costs and performance have improved significantly over the last decade; displacing more expensive fossil-generated electricity is both an emissions and an economic winner,” says report author Bob Fagan of Synapse Energy Economics.

The full report, titled “The Net Benefit of Increased Wind Power in PJM,” is available here.


Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Renewable NRG_id1934
Canwea_id1984
Future Energy_id2008
UnitedEquip_id1995