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Massachusetts electricity customers will save money in shift to wind and hydropower

Study predicts shift toward wind, hydropower will save consumers money, MassLive,  By Matt Murphy STATE HOUSE NEWS SERVICE STATE HOUSE, BOSTON, APRIL 21, 2016.…A new study on the impact large-scale hydro and wind power imports could have on the Massachusetts energy market predicts significant savings for consumers, challenging the narrative put forward by critics of Gov. Charlie Baker’s energy bill that hydropower would be a costly alternative to natural gas.

The economic analysis, conducted for the Massachusetts Clean Energy Partnership by Power Advisory, concludes that energy customers in the state would see a net benefit of $171 million a year from long-term contracts for hydropower or a combination of hydro and land-based wind from northern New England or Canada.

The Clean Electricity Partnership is a coalition of regional wind, hydro and transmission companies working with business and environmental groups to promote clean energy.

The report, written by Power Advisory President John Dalton, suggests the savings generated by driving down demand for natural gas would not only cover the costs of building the transmission and facility infrastructure to import the power, but also deliver 10 percent of the carbon emission reductions required by 2050 under state law.

“Our analysis shows that displacing natural gas-fired electricity generation with hydropower or a combination of hydro and wind results in substantial annual savings to Massachusetts energy consumers as well as dramatic reductions in greenhouse gas emissions,” Dalton wrote……..

The House is expected to release major energy policy legislation as soon as next month that is likely to address the idea of competitive procurement of both hydro and off-shore wind as a clean energy solution to meeting the region’s energy needs as sources such as Pilgrim Nuclear Power Station prepare to come offline.

Over a 25-year period, Dalton’s report estimates $603 million in savings a year in Massachusetts from the importation of Canadian hydropower before the cost of transmission lines and facilities are factored.

The volume of energy from the new renewable resources would drive down demand for natural gas and reduce the price of gas used to produce electricity on peak demand days. The result would be savings of approximately $219 million a year for Massachusetts customers, he wrote. http://www.masslive.com/politics/index.ssf/2016/04/study_predicts_shift_toward_wi.html

April 22, 2016 - Posted by | renewable, USA

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