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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.

β€œConsumers 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 β€œThe Net Benefit of Increased Wind Power in PJM,” is available here.

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