The impact of that law has been substantial and immediate. Texas utilities have announced plans to purchase power from wind farms with over 850 MW of generating capacity. The cost to consumers is very small, less than the price of one cup of coffee per month. Moreover, since growth renewable energy generation gradually puts downward pressure on wholesale electric and natural gas prices, an RPS is likely to reduce energy costs for all consumers over the long term. The proposed NY RPS will cost less, since NY has more low-cost renewable development potential, and because our proposal includes measures that limit the cost of compliance.
Wind energy provides both environmental and economic benefits.
Every 100 MW of wind development creates about 500 job-years of employment. The savings result because the cost of fossil fuels is expected to rise over time, while wind s costs decline. AWEA HOME PAGE wind power new york 2001 by the American Wind Energy Association. All rights reserved.