Tyler Farrell
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tyler-farrell.bsky.social
Tyler Farrell
@tyler-farrell.bsky.social
Markets and Grids @RMI| energy economics analyst and snow lover| @middlebury @dartmouth Grad | 100% clean energy future| Views my own |
Read our report for more details and look out for an RMI webinar to learn more in early spring. Thank you to my co-authors and everyone who played a role in advising and supporting this work! @bevbendix.bsky.social, @chazteplin.bsky.social, and Celia (8/8)
February 26, 2025 at 6:19 PM
Our findings confirm that large-scale transmission projects are cost-effective long-term investments. We can move forward with confidence, knowing that transmission not only meets today’s challenges but also provides lasting value for Americans — all while strengthening the grid. (7/8)
February 26, 2025 at 6:19 PM
Meanwhile, large-scale reliability projects delivered unintended economic benefits beyond keeping the lights on. Though not required to meet FERC’s 1.25 benefit-to-cost standard, the Capacity Expansion 2020 portfolio exceeded the threshold, proving its value while maintaining grid safety. (6/8)
February 26, 2025 at 6:19 PM
Projects designed for economic benefits outperformed planners’ expectations. For example, the Beaver to Oklahoma City project was developed to support public policy goals. The project’s benefits were beyond what had been anticipated, delivering a benefit to cost ratio of 3.9. (5/8)
February 26, 2025 at 6:19 PM
While transmission projects are typically designed to meet specific needs, their realized benefits extend well beyond their original purpose. (4/8)
February 26, 2025 at 6:19 PM
We consider three ways that transmission saves money: reduced congestion, access to cheaper sources of generation capacity, and access to renewable sources of generation that meet public policy goals. On a project-by-project basis, we consider additional benefits when applicable. (3/8)
February 26, 2025 at 6:19 PM
We analyzed seven regional and inter-regional transmission projects operating across the country — from California to Oklahoma — and found that each one delivered benefits exceeding their costs. (2/8)
February 26, 2025 at 6:19 PM
"However, in 2034, our calculations show that on a statewide basis … we have a surplus of only 50 MW." -> more like -1,250 MW now... What does this mean for NY resource planning? Clean Path has been part of the "base case" of NYISO planning for years.
December 2, 2024 at 7:23 PM