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Facts about wholesale electricity prices and the Production Tax Credit

12 September 2012 by Michael Goggin

Wind energy provides lower-cost electricity that helps keep consumers’ rates low.

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Tagged: costs

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Grid operators in America and worldwide already rely on wind power to keep the lights on.
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American wind is one of the most affordable forms of new energy. It costs less than new coal or nuclear energy. It competes with natural gas in wind-rich regions.
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Top states for installed new wind capacity during the third quarter include Kansas, (473 MW); Oregon (333 MW); Texas (281 MW); Oklahoma (229 MW); and Nevada (152 MW)
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Driving today costs over 15 cents/mi for gas, while running an electric car on wind power costs less than 3 cents/mi. It's like paying 70 cents a gallon at the pump & saving a driver over $1,400/year.
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35 percent of new U.S. electric generating capacity came from wind from 2007-2011, with less than 15 percent of new capacity coming from coal, and less than 1 percent coming from nuclear.
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Over 40,000 wind turbines across the US can now produce enough electricity to power the equivalent of all the homes in MI, OH, IA, CO, and NV combined.
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There are 39 states with utility scale wind farms as of the end of October 2012.
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There are 472 U.S. factories currently online and supplying the wind industry.
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The U.S. wind industry supported more than 75,000 jobs in 2011. A full 30,000 of those jobs were in manufacturing.
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The U.S. wind energy industry could support 500,000 jobs, according to the Department of Energy's 20 percent Wind Energy by 2030 study
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