Renewables Save Texas $1Billion Per Year
October 31, 2022
A report from IdeaSmiths places a green value on green energy in Texas. The report estimates the impact of renewables in ERCOT on wholesale clearing prices, emissions, avoided fuel costs and other factors at nearly $1 billion annually. Renewables have reduced wholesale power prices on average between $1.17/MWh (in 2012) and $20.60/MWh (in 2022) by offsetting more expensive power plants. Emissions reductions have saved Texans between $10.2B and $76.4B in lower healthcare and environmentally related costs.