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Wind Freeze Ignores Affordability Crisis
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The Vineyard Gazette - Martha's Vineyard News
The projects include Vineyard Wind; Revolution Wind, in Rhode Island and Connecticut; Coastal Virginia Offshore Wind; and two large New York developments, Sunrise Wind and Empire Wind.
When pipelines hit capacity, gas prices spike and electricity prices rise with them.
Retail customers feel that volatility with a lag, as high wholesale prices work their way into monthly bills.
Offshore wind matters here because it can address the affordability problem in the way the Northeast actually experiences it: as winter volatility driven by gas.
Offshore wind doesn’t need pipeline capacity, and it doesn’t become more expensive when fuel markets seize up.