TL;DRAbstract
Current estimates suggest that the cost of wind-generated power is likely to be competitive with conventionally generated power in the near future in regions of the United States with favorable winds and high costs for conventionally generated electricity. These preliminary estimates indicate costs of $500 to 700 per installed kW for mass-produced wind turbines. This assessment regarding competitiveness includes effects of reduced reliability of wind power compared to conventional sources. Utilities employing wind power are likely to purchase more peaking capacity and less baseload capacity than they would have otherwise to provide the lowest-cost reserve power. This reserve power is needed mainly when wind outages coincide with peak loads. The monetary savings associated with this shift contribute substantially to the value of wind energy to a utility.
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Current estimates suggest that the cost of wind-generated power is likely to be competitive with conventionally generated power in the near future in regions of the United States with favorable winds and high costs for conventionally generated electricity. These preliminary estimates indicate costs of $500 to 700 per installed kW for mass-produced wind turbines. This assessment regarding competitiveness includes effects of reduced reliability of wind power compared to conventional sources. Utilities employing wind power are likely to purchase more peaking capacity and less baseload capacity than they would have otherwise to provide the lowest-cost reserve power. This reserve power is needed mainly when wind outages coincide with peak loads. The monetary savings associated with this shift contribute substantially to the value of wind energy to a utility.
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