The rapid growth of wind power in Texas is already reducing consumption of natural gas and lowering the cost of electricity generation in the state, according to a Wall Street research group. Bernstein Research reports that the rising output of wind turbines in Texas — the world’s sixth-largest producer of wind power — has eliminated the need to fire up natural gas-powered generators to meet the last bit of demand during periods of low energy usage. Powering up natural gas generators is expensive, and Bernstein reports that the spreading use of wind turbines “can have a material impact on the price of power.” The report predicted that the “growth of wind power in (Texas) over the next three years will markedly lower the consumption of gas and coal by conventional generators.” The state is anticipating a glut in natural gas production, and the rise in wind power generation is expected to further depress prices for natural gas and reduce consumer costs per kilowatt hour, Bernstein Research reported.
Wind Power in Texas Begins to Reduce Electricity Costs
More From E360
-
INTERVIEW
How One South African Community Stopped Shell Oil in Its Tracks
-
ANALYSIS
Will New Leader End Progress in Saving Indonesia’s Forests?
-
Oceans
Dire Straits: Can a Fishing Ban Save the Elusive European Eel?
-
Climate
Scientists Are Trying to Coax the Ocean to Absorb More CO2
-
INTERVIEW
Marina Silva on Brazil’s Fight to Turn the Tide on Deforestation
-
Solutions
Solomon Islands Tribes Sell Carbon Credits, Not Their Trees
-
INTERVIEW
With Sea Turtles in Peril, a Call for New Strategies to Save Them
-
RIVERS
Jared Kushner Has Big Plans for Delta of Europe’s Last Wild River
-
Energy
A Nuclear Power Revival Is Sparking a Surge in Uranium Mining
-
OPINION
Despite Official Vote, the Evidence of the Anthropocene Is Clear
-
INTERVIEW
At 11,500 Feet, a ‘Climate Fast’ to Save the Melting Himalaya
-
Oceans
Octopuses Are Highly Intelligent. Should They Be Farmed for Food?