Renewable Energy Debate Picks Up in New England
New England has been experiencing higher electricity rates this winter due to a high demand for heating as well as higher natural gas prices. The boom in natural gas supply over the past couple of years has kept electricity prices stable in the region, but has also created less of a need for the push for renewable energy investments and initiatives. As natural gas prices rose this winter due to demand, the need for renewable energy to replace traditional fossil fuels is once again pertinent.
Michael B. Jacobs, the senior energy analyst of the Union of Concerned Scientists, has been calling out against the reliance on natural gas in New England and Texas: “You don’t have nearly so much of a price spike if you have more renewables in your portfolio.” Essentially, turning to more renewable sources such as wind would soften the blow on natural gas demand during peak times and shortages.
Wind advocates have been voicing similar opinions: Even if the cost of wind is high, natural gas demand can be offset by wind power during natural gas shortages. Nevertheless, using wind power to solve this problem would mean that a transmission system or more capacity for storage would have to be created in order to bring in energy from different regions that are not experiencing high demand.
Stanford Study Shows that NY State Can Be Fossil Fuel-Free by 2050
A study out of Stanford University that was led by some of the top scientists and energy analysts concluded that the state of New York’s fossil-fuel energy could be completely replaced by renewable energy sources by 2050 (including transportation). The study argues against using natural gas, since renewables can easily and economically replace fossil fuels.