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KUNR: A West-wide electricity market would be a boon for Nevada, study finds

Posted by Kaleb Roedel on Oct 11, 2022

NPR's Mountain West News Bureau featured AEE's Western RTO economic impact study, quoting Sarah Steinberg on how a regionally interconnected power grid can help tackle the region's reliability issues. Read snippets below and the full article here.

Linking the West’s electric utilities to form one organized market would create thousands of jobs and lower energy costs in Nevada, a new economic analysis suggests.

Many other parts of the country have shared electric grids known as a regional transmission organization, or RTO. They allow electric utilities across multiple states to share energy resources. A report published in July showed that creating an RTO that includes all 11 Western states would bring a huge number of jobs while lowering energy costs.

Nevada, specifically, would benefit in a big way, according to a new analysis commissioned by the trade association Advanced Energy Economy. A West-wide grid could create as many as 21,000 permanent jobs in Nevada and as much as $2 billion in gross state revenue.

The study, conducted by the consulting firm Energy Strategies, projects that an RTO would grow living-wage jobs in a variety of sectors, including warehousing, battery storage, data processing and construction.

What’s more, a shared electric grid could also save Nevada ratepayers $32 million in energy costs every year.

Sarah Steinberg, who leads AEE’s legislative engagement in Nevada, says a Western grid would also help homes and businesses keep the lights on.

“There are new challenges to the grid, including extreme heat, including drought,” Steinberg said. “And in order to keep reliable, low-cost, clean energy serving everyone across the West, we need a new level of cooperation.”

With a shared grid, Nevada could bring in energy from other states during extreme heat events like it experienced this summer. That could mean importing hydropower from the Pacific Northwest and wind power from Wyoming.

Read the full article here.

Topics: 21st Century Electricity System, Wholesale Markets, United In The News, Sarah Steinberg