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Solar and wind energy reduced wholesale energy costs in Texas by $7.4 billion in the first eight months of this year.

Solar and wind energy reduced wholesale energy costs in Texas by $7.4 billion in the first eight months of this year, creating average monthly savings of $925 million, according to a study IdeaSmiths released last week. In total, solar and wind resources have saved Texas residents nearly $28 billion over the past 12 years, according to the study.

With natural gas and coal prices at 10-year highs, Texas residences and businesses are on track to save an estimated $11 billion this year because of the Electric Reliability Council of Texas’ renewable energy fleet, the report states.

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Source: Utility Dive

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