ARLINGTON, VA – Mid-Atlantic states have a number of avenues for growing essential transmission traces that they’ll act on right now, highlights a brand new report from The Brattle Group. The report, commissioned by the American Council on Renewable Power (ACORE) and the Mid-Atlantic Renewable Power Coalition (MAREC Motion), identifies seven pathways for proactive transmission planning to cut back shopper, system-wide, and generator interconnection prices; create extra certainty for era improvement; and assist states obtain clear power targets, together with offshore wind timelines.
“The advantages of increasing the U.S. grid to ship inexpensive, clear energy to all People are clear, and there are lots of choices to assist plan and execute these upgrades,” mentioned ACORE President and CEO Ray Lengthy. “Time is of the essence, and our report lays out the alternatives for states to maximise the advantages of proactive planning, significantly for offshore wind.”
Pathways to Coordination: Proactive, State-Led Transmission Growth to Cut back Prices and Obtain Targets in PJM explores the significance of state management in proactive planning and alternatives for multi-state collaboration, together with:
- Advantages of proactive planning
- Pathways and authorized authority for state-led transmission planning
- How you can keep away from the lengthy timelines related to the present reform efforts within the PJM area
“Coordinated transmission improvement can scale back the price of attaining state coverage targets,” mentioned Joe DeLosa III, Supervisor at The Brattle Group. “Obtainable choices vary from focused single-state procurements to broader interregional alternatives, offering states a number of lower-cost pathways to more-effectively meet particular person and collective near-term wants.”
Out of the seven eventualities recognized, a multi-state, multi-driver method to proactive planning would produce the broadest advantages, however in line with the report, states will finally want to guage every possibility of their ongoing efforts to attain their public coverage targets. The report additionally evaluates potential choices to increase planning collaboration past regional borders to additional maximize its advantages, akin to by the continued progress of the Northeast States Collaborative on Interregional Transmission. Whereas the advantages from proactive planning are vital, the report emphasizes that these advantages erode as planning is additional delayed.
“The aim of this report is to empower states to set their very own path on transmission planning to deal with a number of wants — reliability, financial progress, clear power deployment, excessive climate resilience — in essentially the most environment friendly means doable,” mentioned Evan Vaughan, Government Director, MAREC Motion. “Constructing offshore wind at scale within the subsequent decade is important to assembly electrical energy demand in a clear and dependable method, however transmission planning should begin right now. This report provides policymakers pathways to work extra carefully with neighboring states and to insist on proactive, multi-value transmission planning by PJM.”
To obtain a replica of the brand new evaluation, click on right here.
Report creator Joe DeLosa III will current the report’s full findings on the ACORE Grid Discussion board, occurring right now, October 10, in Arlington, Virginia. Please contact ACORE employees listed under if you want to attend or obtain a recording.
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About ACORE
For over 20 years, ACORE has been the nation’s main voice on the problems most important to renewable power enlargement. ACORE unites finance, coverage, and know-how to speed up the transition to a renewable power financial system. For extra data, please go to www.acore.org.
About The Brattle Group
The Brattle Group is an financial consulting agency with greater than 450 consultants staffed from eleven places of work throughout the globe. We offer shoppers with evaluation, skilled testimony and help in economics, finance, and regulation throughout the U.S., Canada, Europe, and the Pacific Rim. Our electrical energy and power apply has been on the core of our consulting providers for over 25 years and is Brattle’s largest trade apply, addressing points associated to regulatory economics, finance & charges; wholesale markets & planning; and litigation & regulatory disputes. Our consultants present providers to authorities businesses, regulators, grid operators, transmission house owners, and market individuals in each sector of the electrical energy trade, together with fuels, pipeline infrastructure, electrical era, transmission, distribution, distributed sources, and prospects.
Media Contacts
Dylan Helms
Supervisor, Communications, ACORE
helms@acore.org
202.935.6491
Joe DeLosa III
Supervisor, The Brattle Group
Joe.delosa@brattle.com
+1.202.419.3372
