AWEA: Lower-Priced Wind Power Attractive To U.S. Utilities

NAW Staff, Friday 22 February 2013 - 13:31:35

U.S. electric utilities are locking in fixed-price contracts for wind power, now more cost-competitive than ever, illustrating the success of the federal production tax credit (PTC) policy in holding down rates for consumers, according to the American Wind Energy Association (AWEA).

AWEA notes 66 U.S. utilities bought or owned wind power by the start of this year – nearly half for large amounts over 100 MW – up from 42 last year. In fact, since the extension of the PTC in January, utilities have continued to show interest in buying a wind project's output or owning the wind farm outright.

"From Xcel Energy in Minnesota to OG&E in Arkansas, electric consumers are racking up the savings as a result," says Rob Gramlich, AWEA's interim CEO. "The wind energy industry looks forward to our continued partnerships with utilities across the country to lock in the economic development, rate stabilizing and environmental benefits of more wind power."

As evidence, AWEA cites the following utilities, which are making major wind power purchases and reporting consumer savings: 



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