State-Mandated Study Finds Retiring Portion of Northport Power Station in 2022 Will Save LIPA Customers $300 Million
REPORT EXPECTS CONTINUED DECLINE IN NORTHPORT POWER STATION USE FROM 55% OF PLANT CAPACITY IN 2005 TO 2.9% BY 2035
UNIONDALE, NY - May 19, 2020 — The Long Island Power Authority today released a New York State mandated Repowering Feasibility Study of the Northport Power Station, alongside its annual Property Tax Report. The study shows that accelerating the retirement of 400 to 600 megawatts of vintage, fossil-fueled steam power plants in 2022 can save Long Island electric consumers over $300 million.
“These reports demonstrate that our efforts to reduce electric demand through one of the nation’s leading energy efficiency programs is both good for the environment and our customers’ electric bills,” LIPA Chief Executive Officer Tom Falcone said. “In the wake of the COVID-19 pandemic, and the stress it is placing on families throughout Long Island, it is more important than ever that we operate efficiently, reduce cost, and treat all our customers fairly.”
Gordian Raacke, Executive Director of Renewable Energy Long Island, said: “Retiring vintage fossil-fueled power plants makes sense as we remodel our energy infrastructure to a 21st-century system running on renewable energy with smarter, more energy-efficient technology. We commend LIPA for the vision to power Long Island 100 percent with clean and renewable power sources by 2040, which will dramatically reduce air and climate pollution while saving consumers money.”
Environmental Organizations Applaud Transition from Fossil Fuels to Renewable Energy for our Island
Farmingdale, NY – Today the Long Island Power Authority and PSEG-Long Island released a long awaited draft plan for current and future energy needs for Long Island. New York has a target to source 50 percent of energy from renewables, including a target to add 2,400 megawatts of offshore wind power to New York’s grid, by 2030. The cost effective investments in offshore wind, energy efficiency and new renewable energy under the draft plan positions the utility to comply with New York State’s targets and outlines a bold path forward for transformation to a 21st century utility.
The three year study concluded that sinking more ratepayer funds in outdated fossil fuel power plants and building new gas plants is unnecessary given the high $5 billion cost, the reduced prices of natural gas and the fact that these outdated investments are not needed for grid reliability. Instead, the findings conclude that the most cost effective new investments will increase the growth of renewable energy from 2017 through 2030 in order to better balance and diversify Long Island’s energy needs and will stabilize and reduce costs for bill payers. The utility plans on adding 800 megawatts of offshore wind and solar in addition to 950 megawatts of rooftop solar, other renewables and energy saving measures.
Highlights of LIPA/PSEG 2017 LI Integrated Resource Plan findings
- Flat Forecasts: LIPA revised its long-term load forecasts downward now predicting virtually no growth through 2035. 1,700 MW decline by 2030 compared to 2013 forecast (equal to 3 – 5 large power plants).
- Historic Tipping Point: Instead of continued investments in outdated fossil fueled power plants, LIPA now plans to add build out renewable energy on Long Island.
- Fossil Power Going Down: Power production at Long Island’s legacy power plants has declined since 1999 from about 50% runtime to as little as 11% and is projected decline even further by 2030.
- Repowering Can’t Compete with Renewables: electricity from new or refurbished large power plants would cost as much or more than current renewable energy sources. Renewable energy is now cost competitive and future costs are expected to decline further.
- Modern Grid Additions: Instead of investing in large fossil generators, renewable energy technologies will be augmented by more flexible peaking generators, battery storage, smart grid controls and energy demand management, and distributed energy sources.
- 50% Renewables by 2030: LIPA's new Energy Guide envisions dramatic growth of renewable energy from 2017 through 2030, in line with NY State mandate to meet half of state’s electricity consumption from renewable energy sources.
- Clean Power for 350,000 Homes: 800 MW of solar & offshore wind power will provide enough power for 350,000 homes by 2030, in addition to 950 MW of energy efficiency savings, rooftop solar energy and other renewables.
- More Offshore: Governor Cuomo’s 2,400 MW of offshore wind power will likely be off Long Island’s shores and interconnect to the electric grid on Long Island.
- Aiming for 100% Renewable Energy: In his 2017 State of the State address, Governor Cuomo laid out New York’s long term objective to meet 100% of our energy needs from renewables by saying: “We want to get 2.4 gigawatts of offshore wind power by 2030 and we are not going to stop until we reach 100 percent renewable because that’s what a sustainable New York is really all about.”
In response, environmentalists released the following statements:Read more