Researchers examined how much more expensive electricity would have been if the Texas grid did not use wind and solar power
The report comes as renewables come under fire as electricity regulators and lawmakers consider how to boost electric reliability, after the deadly outages in February last year and calls for conservation this summer to keep the grid stable. About one-fourth of Texas electricity comes from renewables, according to the Energy Information Administration, and Texas is the No. 1 state in wind production and a leader in solar.
“Texans would have had to pay 27.8 billion more dollars over that period of time because eventually the customer always pays,” head researcher Rhodes said. This year in particular saw the greatest price reduction by renewables because of natural gas prices spiking. The report also calculates the average wholesale electricity market price would have been up to $18 higher per megawatt-hour without renewable energy driving costs down. The average household consumes about one megawatt-hour of electricity each month.
But in addition to cutting wholesale prices, widespread adoption of renewable energy also reaps environmental and public health benefits, the report shows.
Clean energy.
This is framing that will resonate with the local mindset.
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