EPSA: Renewable Energy Development 'Easier' in Organized Electricity Markets

January 17, 2008 // Published as a news service by IHS

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The Electric Power Supply Association (EPSA) issued the following statement by John E. Shelk, president and CEO of EPSA, in response to a study released by the American Public Power Association (APPA) and Carnegie Mellon Electricity Industry Center that claims the robust growth of renewable energy projects in organized electricity markets is not related to market structure.

"The faulty conclusions about renewable energy and organized electricity markets that were reached in this study bear as much relation to reality as the projections made by pollsters on New Hampshire's presidential primary results.

"Both attempted to impose statistical analysis on more complicated human decisions and both widely missed their marks.

"The facts show that nearly 80% of today's wind generation is located in ISO [Independent System Operators] and RTO [Regional Transmission Organization] markets, even though these markets only represent 53% of total energy demand and 44% of the nation's wind potential.

"The American Wind Energy Association [AWEA] itself has stated that development has proven to be easier in areas with competitive wholesale electricity markets.

"There's a simple explanation for this phenomenon: organized electricity markets provide greater ease of access to the grid; clearer market signals to encourage investment; and a larger land area to compensate for variability.

"In light of the facts, it defies common sense for any serious researcher to claim there is no correlation between organized markets and the growth of renewable energy. Consumers deserve serious consideration and constructive proposals designed to address electricity market challenges, unfortunately this study delivers only fairy tales."

Source: Electric Power Supply Association (EPSA).

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EPSA: Renewable Energy Development 'Easier' in Organized Electricity Markets