A new analysis led by North Carolina State University researchers found offshore wind power could help lower wholesale prices
Although very high wind speeds during winter storms could cause turbines to go temporarily offline, they found the largest risk of sudden losses of wind power would be in summer when wind speeds are lowest. The findings, published in the journal, could help utilities, policymakers and consumers in New England determine what to expect in terms of price and reliability from adding offshore wind power in the region.
“Land-based wind power makes up most of all wind power in the U.S.,” Kern said. “A lot of that is located in the middle of the country. If you live on the East Coast, though, land is expensive, and wind speeds are lower. That’s when offshore starts to look good.” On average, they found wholesale prices would have dropped by $28.81 megawatts per hour if there had been an additional 4,000 megawatts of offshore wind power online during the storm.
“We observed that if we increase the offshore wind capacity in the region, generally the wholesale prices will be lower,” Akdemir said. “There were one or two instances where we observed very, very high prices because excessivecaused the turbines to cut off, leading to a sudden loss of wind power in the region, but those did not have very serious consequences for the New England electricity grid.”
“In the wintertime, there’s a little bit less demand for electricity than in the summer, so there’s some other power plants that can kick on and replace the wind quickly,” Kern said.
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