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  • Tuesday, October 25, 2016

    New Wires For More Wind Means Lower Power Prices

    New Wind Energy Study Aims to Break Transmission Barriers

    Tina Casey, October 24, 2016 (Triple Pundit)

    “As the cost of wind energy continues to fall, the U.S. wind industry is poised to continue its spectacular growth rate. There is just one problem, and it’s a big one: New wind farms can require new transmission lines, and lately some of those new transmission lines have become bogged down in the approval process…[T] he challenge is to get local property owners, other local stakeholders and the voting public firmly in its corner to approve new transmission routes…The wind industry is taking its case to consumers…[According to The Consumer Benefits of Wind Energy in Iowa, the industry is looking to Iowa as a test case for building public support for new transmission lines nationwide…Iowa already has a thriving wind industry thanks in large measure to the interest of legendary investor Warren Buffett…Adding 10,000 MW of wind beyond the amount that is currently operating and planned would save Iowa consumers about $12.6 billion on net over the next 25 years, with average annual savings in excess of $500 million…The average household would on net save $3,200 on their electric bills, while the average industrial customer would save $825,000…” click here for more

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