Using updated input assumptions, the report projected wholesale power prices over the period 2014-2038, 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 report found that Cape Wind would lead to a reduction in the wholesale cost of power averaging $286 million annually over the years 2014–2038, resulting in an aggregate savings of $7.2 billion over 25 years. If Cape Wind were in service, the price of power in the New England wholesale market is projected to be $1.86/MWh lower on average. Over the combined 16-year period spanning construction and the first 15 years of operations, Cape Wind would create an average estimated net addition of 514 jobs in Massachusetts and 1,119 jobs in New England.
Transmission & Grid Interconnection
(planning, rules, regulations)
The Maine Public Utilities Commission (PUC) solicits proposals for one or more long-term contracts to supply an aggregate total of no more than 30 megawatts of installed capacity and associated renewable energy and renewable energy credits (RECs) from deep-water offshore wind energy pilot projects or tidal energy demonstration projects.
This study investigates four aspects of offshore wind energy in Maryland: (1) the regulatory and policy environment for offshore wind development; (2) optimal interconnection points for bringing offshore power onshore; (3) estimated investment costs; and, (4) potential conflicts between radar functionality, military activities, and wind farm siting.
This Fiscal and Policy Note analyzes the state fiscal effect and policy framework of the proposed Maryland Offshore Wind Energy Act of 2012. Over a five-year period, the Public Service Commission's (PSC) anticipated administrative expenditures would amount to $3.4 million, which would be covered by a special assessment fee between fiscal years 2013-2016. State expenditures on electricity would increase to $3.57 million in fiscal year 2017.
Atlantic Wind Connection (AWC) filed this application for a right-of-way (ROW) grant to a total of 300 Outer Continental Shelf (OCS) blocks. Seven OCS blocks were identified as potential offshore converter station hubs. The transmission corridor would encompass a 24 square mile area of the OCS blocks (or 1% of total area). When fully built, the project would comprise about 790 square miles of offshore transmission cable that would enable up to 7,000 MW of offshore wind turbine capacity to be integrated into the regional high-voltage grid.
The Eastern PJM States request PJM Interconnection to evaluate the Atlantic Wind Connection's (AWC's) benefits and impacts to the states in areas such as reliability, market efficiency, and congestion costs.
The study found that New England could develop 2,233.6 MW from offshore wind sources by 2016 and 22,436.8 MW from offshore wind sources by 2020. The potential decreases in levelized cost of energy (LCOE) could range from $33-$68/MWh. Through 2016, large scale onshore wind dominates the supply curve; offshore wind resources become economically feasible at approximately $210/MWh.
Through this notice, the Bureau of Ocean Energy Management (BOEM) provided its determination of no competitive interest (DNCI) for the Atlantic Wind Connection's (AWC) proposed right-of-way (ROW) grant to build a regional offshore electrical transmission system on the Outer Continental Shelf (OCS) offshore New York, New Jersey, Delaware, Maryland, and Virginia.
The report describes the adoption and implementation of Federal Energy Regulatory Commission (FERC) Order #2003 regarding large generator interconnection procedures, and summarizes proposed generator interconnection filings, and review potential solutions to clogged generator interconnection queues.
Cape Wind would have produced an average of 321 MW (76% of Cape Wind’s total capacity) during the times of greatest electric demand in New England according to the list of Ten Top Demand Days maintained on the website of the electric grid manager, ISO New England.