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NMPolitics.net - Commentary by NM State Senator Steve Fischmann - Adding new electric generating capacity is expensive. Data from New Mexico’s largest electric utility, PNM, shows that it costs $150 per megawatt hour to add new natural gas power generating capacity, $140 to add coal power, $130 for nuclear, and $85 for wind. New generation is so costly that whenever new capacity is added electric rates go up. By contrast, installation of energy efficiency measures costs about $20 per megawatt- hour saved, according to PNM. In other words, electric consumers save somewhere between 75 percent and 87 percent when we invest in efficiency rather than building new electric plants. Efficiency also largely eliminates the pollution, health, noise and landscape impacts that come with new power generation.
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Waste not, want not: Smart energy pricing is key
From NMPolitics.net - Commentary by NM State Senator Steve Fischmann - Adding new electric generating capacity is expensive. Data from New Mexico’s largest electric utility, PNM, shows that it costs $150 per megawatt hour to add new natural gas power generating capacity, $140 to add coal power, $130 for nuclear, and $85 for wind. New generation is so costly that whenever new capacity is added electric rates go up. By contrast, installation of energy efficiency measures costs about $20 per megawatt- hour saved, according to PNM. In other words, electric consumers save somewhere between 75 percent and 87 percent when we invest in efficiency rather than building new electric plants. Efficiency also largely eliminates the pollution, health, noise and landscape impacts that come with new power generation. Read more
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