Mayor Rahm Emanuel announced today that 5% of the electricity provided to Chicago residents and small businesses through its municipal aggregation program with Integrys Energy Services will be generated by Illinois wind farms. This agreement doubles the amount of wind energy Chicago consumers received through ComEd to meet state requirements. Using the PPI PEER Power Supply Performance Index, the City's aggregation program will achieve a significant reduction in emissions that contribute to global warming, including a 16% reduction in carbon emissions representing the equivalent of taking 100,000 cars off of the road, a 98% reduction in ozone depleting and acid rain causing nitrogen oxide emissions, and a 27% reduction in fossil fuel energy consumption.
US consumers can realize grid-modernization benefits that exceed costs by 3:1 if they work alongside local governments and innovators, the Perfect Power Institute said in a free study www.perfectpowerinstitute.com the institute plans to publicize today. But making that happen will require market reforms that include rewarding utilities for cutting waste and inefficiency, the report said.
The Perfect Power Institute™ explores the cost and benefits for grid modernization in the white paper “Investing in Grid Modernization: The Business Case for Empowering Consumers, Communities and Utilities.” The comprehensive calculations and analysis outlined in this white paper estimate the potential benefits of investments to be about $1,200 per year for a typical household with an estimated cost of about $400.
The Galvin Electricity Initiative has released a new white paper titled "Electricity Reliability: Problems, Progress and Policy Solutions". In this white paper, the Initiative examines practices in the EU and more progressive states in the U.S. and suggests policy reform best practices which should be adopted to address power safety, reliability and power quality deficiencies while also attracting investment and innovation.