Analysis of the Impact of Cape Wind on New England Energy Prices

Source/Sponsor: 
Cape Wind Associates, LLC
Creator/Author: 
Charles River Associates (CRA)
Description: 

The study projected wholesale power prices over the period 2013-2037, for scenarios with and without Cape Wind in service, and quantified the expected reduction in wholesale power prices and wholesale electricity costs that would result from the power supplied by the project. The study found that adding Cape Wind would lead to a reduction in the wholesale cost of power averaging $185 million annually over the 2013-2037 time period, resulting in an aggregate savings of $4.6 billion over 25 years. With Cape Wind in service, the study projects that the price of power in the New England wholesale market would be $1.22/MWh lower on average.

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Publication Date: 
Monday, February 8, 2010
98 KB
Resource Type: 
Document