Wind power once again saves millions by keeping energy prices in check during cold snap.
January 27, 2014-
For the second time in two weeks, wind power once again kept consumers’ energy costs down as extreme cold drove energy prices to record highs across much of the Eastern U.S.
Electricity and natural gas prices skyrocketed to 10-50 times normal across parts of the Mid-Atlantic and Great Lakes states as extreme cold drove demand for electric and gas heating to near-record levels late last week. Fortunately, regional wind energy output was strong throughout these periods of peak demand, producing around 3,000 MW on the evening of January 22 when supply was particularly tight, and roughly 3,000-4,000 MW for nearly all of January 23 as electricity prices remained very high.
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