New study highlights the risks and costs of not planning for a strong, flexible transmission network
Posted on April 24, 20154/24/15 |
WASHINGTON, DC – A new study commissioned by WIRES says policy makers must press electric grid planners to recognize and evaluate a full spectrum of enhanced transmission benefits and improved interregional planning processes, while also considering the risks and potentially high costs of an insufficiently robust and flexible grid.
Challenges to the electricity-dependent economy cannot be met unless planning processes fully explore the range of benefits and risk mitigation that most transmission projects can provide, according to Toward More Effective Transmission Planning: Addressing the Costs and Risks of an Insufficiently Flexible Electricity Grid, released today and prepared by economists at The Brattle Group. According to the analysis, transmission planners need to more fully recognize that a modernized, more flexible transmission system is key to take advantage of regional fuel diversity, facilitate competitive markets, and support economic growth.
Filed under: Industry News