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Thursday Open Thread | 48 comments (48 topical, editorial, 0 hidden)
merit order effect (4.00 / 2)

New Study: Cape Wind Will Reduce Regional Electricity Prices by $4.6 Billion

Cape Wind will reduce wholesale electric prices for the New England region by $4.6 billion over 25 years, according to a new report published today by Charles River Associates, a leading economic consulting firm.
The report found that Cape Wind will place downward pressure on the wholesale clearing price of electricity by reducing operations of higher priced and polluting fossil fueled units. This will result in average savings of $185 million per year in New England.

This is commissioned by Cape Wind itself, but it's good to see that info out there.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Thu Feb 11th, 2010 at 02:58:27 PM EST

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Thursday Open Thread | 48 comments (48 topical, 0 editorial, 0 hidden)
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