Sunday, November 11, 2018

Renewables Reduced Power Costs In Texas By $5.7 Billion

“A new report shows that, in addition to numbers on jobs, reduced pollutants and projected numbers for economic development, there are also figures for revenues to local governments and landowners, all in the cornucopia of economic benefits brought by these two resources.... also, are the numbers on how wind, and to a lesser degree solar, are bringing down wholesale power prices and making them more stable.
This speaks to not only how renewable energy is ushering in a new era of super-cheap electricity, but also provides the secret to how wind and solar will increasingly drive more expensive and uncompetitive conventional power plants off the grid in wholesale power markets...”

Economic Value Renewables in Texas: