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Renewables Save Texas $1Billion Per Year

October 31, 2022

Texas Sign with 1 billion dollars on it

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.

For more:
https://www.ideasmiths.net/wp-content/uploads/2022/10/IdeaSmiths_CFT_ERCOT_RE_FINAL.pdf