Texas Data Shows Renewables Are Saving Consumers Money
2025-06-25
Analysis of ERCOT data demonstrates that renewable energy is not only clean but also saving Texas consumers significant money. Comparing August 2018 and August 2024, despite increased peak electricity demand, the rapid growth of solar power reduced the actual fossil fuel electricity needed (net load), lowering wholesale electricity prices. The study reveals that the average electricity price in August 2024 was considerably lower than in 2018; without the growth in renewables, 2024 prices would have been at least 40% higher.
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