Renewables and Natural Gas Predicted to Dominate Texas Energy Market in 20 Years
Results of a study commissioned by the Texas Clean Energy Coalition TCEC was recently published. This is the third phase of the study which was titled: Exploring Natural Gas and Renewables in ERCOT and focused on the role of Demand Response, Energy Efficiency and Combined Heat Power. The study which was undertaken by the Brattle Group found that renewable energy and natural gas will continue their dominance in the state’s electricity supply for the next 20 years.
Some of the key findings in the report included:
• Domination of natural gas and renewable sources of energy across scenarios
• Substantial opportunities for energy efficiency and demand response
• The economy of large CHP Units compared to smaller units
• Reduction of carbon emissions due to introduction of energy efficiency and demand response
It was also discovered that renewables and natural gas can play a key role in ERCOT and facilitate the power needed to respond to the increasing demand for energy.