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With More Wind Energy, PJM Could Save Customers $7 Billion per Year
With More Wind Energy, PJM Could Save Customers $7 Billion per Year
By Jeff Postelwait, Associate Editor, Electric Light & Power
May 10, 2013
Tulsa, OK -- The PJM Interconnection could save its customers $6.9 billion if it more than doubled the amount of wind energy it currently plans to build. This is according to a study by Americans for a Clean Energy Grid and Synapse Energy Economics.
By the end of 2012, about 3.4 percent of PJM's total installed capacity was generated from wind. Over the next 13 years, with the advent of renewable portfolio standards, states within the PJM system will expand their wind energy capacity to 11 percent of their total installed capacity.
Bob Fagan, an economist with Synapse Energy Economics who worked on the report, said in a conference call that the study allowed for a significant build-out of transmission to allow this proposed new wind energy development to flow throughout the grid.
"Most of the wind resource is in the eastern portion of PJM," Fagan said. "A significant transmission build-out will be required in the western part of PJM to bring this electricity to market."
A large portion of the consumer savings come in by phasing out fossil fuel-fired generation, particularly coal power, which...
By Jeff Postelwait, Associate Editor, Electric Light & Power
May 10, 2013
Tulsa, OK -- The PJM Interconnection could save its customers $6.9 billion if it more than doubled the amount of wind energy it currently plans to build. This is according to a study by Americans for a Clean Energy Grid and Synapse Energy Economics.
By the end of 2012, about 3.4 percent of PJM's total installed capacity was generated from wind. Over the next 13 years, with the advent of renewable portfolio standards, states within the PJM system will expand their wind energy capacity to 11 percent of their total installed capacity.
Bob Fagan, an economist with Synapse Energy Economics who worked on the report, said in a conference call that the study allowed for a significant build-out of transmission to allow this proposed new wind energy development to flow throughout the grid.
"Most of the wind resource is in the eastern portion of PJM," Fagan said. "A significant transmission build-out will be required in the western part of PJM to bring this electricity to market."
A large portion of the consumer savings come in by phasing out fossil fuel-fired generation, particularly coal power, which...
http://www.renewableenergyworld.com/rea/news/article/2013/05/with-more-wind-energy-pjm-could-save-customers-7-billion-per-year?cmpid=WindNL-Thursday-May16-2013