Deepwater Wind - Energy Highway
Deepwater Wind - Energy Highway
Deepwater Wind - Energy Highway
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Project Benefits<br />
<strong>Deepwater</strong>’s NY Bight project would produce a number of reliability benefits similar to<br />
those created by DWEC-NELI resulting from new capacity in Zone J, the creation of a<br />
new interconnection to a neighboring energy market, and increased fuel diversity. To<br />
confirm the specific market price suppression and emission reduction benefits of this NY<br />
Bight project, <strong>Deepwater</strong> commissioned a study by CRA of the impacts on both the New<br />
York and New Jersey electric systems. CRA estimated the price suppression benefits to<br />
be substantial and of the same order of magnitude as those created by the DWEC project.<br />
Additionally, this NY Bight project would result in approximately 10 million tons of CO2<br />
emissions reduction and 6,000 tons of NOx emissions reductions in New York State.<br />
CRA also modeled the impacts of the Project on the PJM system and found that as a<br />
result of the injection of peak period power from the <strong>Wind</strong> Plant New Jersey would<br />
benefit from an annual net reduction in average wholesale prices as well as a net<br />
reduction in emissions. The net reduction in emissions is due in part to the injections<br />
from the <strong>Wind</strong> Plant but also to the relatively more efficient and lower emitting natural<br />
gas plants that would be dispatched when PJM system power was being exported to Zone<br />
J.<br />
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