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Supplier Says Replacing 10% of PA's Electricity With Solar Would Result In $300M In Savings
June 17,2019 A new report commissioned by Community Energy, Inc. says that transitioning 10 percent of Pennsylvania’s electric generation to solar would decrease the state’s wholesale electric costs by $619 million annually, while costing less than half that amount to make the transition, and would lower wholesale electric prices across the multi-state utility power grid, PJM Interconnection, by $3 billion annually. The modeling study, prepared by an independent power analytics firm, was completed to determine the reliability and market impact of a future scenario where 7,500 megawatts of solar generation is deployed in Pennsylvania, enough to supply about 10 percent of the in-state electric load. In the study, energy savings and wholesale price reductions result when solar generates peak power with no additional cost during the hours of the day when demand is highest and generation costs are at their peak, a concept known as “peak shaving” or “price suppression.” See the study here
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