Facts about wholesale electricity prices and the Production Tax Credit
Wind energy provides lower-cost electricity that helps keep consumers’ rates low.
That helps explain criticism from competitors, who may have sunk costs into higher-priced sources of power. However, their claims that the wind energy production tax credit (PTC) is causing so-called “negative” prices are misguided, as this extremely rare phenomenon occurs in only 1 in 4,500 hours, would occur anyway even if there was no PTC, and actually shows the electricity market is working.
Wind energy is always going to enter the real-time electricity market as one of the lowest-cost sources of electricity.
Because wind energy has no fuel cost and ...