Can Aging Grid Handle New Green Power?

June 9, 2023 | njspotlightnews.org

Photo Credit: Anna Ventura (from Pixabay)

One new transmission interconnection designed to hook up power from yet-to-be built offshore wind farms is currently priced at more than $1 billion by the state. It is the first of several such lines that are expected to be needed for future wind projects.

Officials tasked with determining how to allocate the costs of transitioning to a clean-energy economy face the same dilemma regarding grid upgrades. The so-far unanswered question is how much customers should be asked to foot the expense of developing costly new — but cleaner — ways of generating electricity and what incentives ought to be provided by the state and federal government.

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NJ SEED: The simple answer to the question is NO. Connecting offshore wind farms to the grid will cost billions upon billions of dollars. You won’t need three guesses to determine who will be footing the bill.