The Price of Wind: An Empirical Analysis of the Relationship between Wind Energy and Electricity Price across the Residential, Commercial, and Industrial Sectors

This paper quantifies the long-term impact of wind energy development on electricity prices across residential, commercial, and industrial sectors in United States. Our data set is made up state level panel from 2000 through 2018. time period covers vast majority total capacity installed history USA. econometric model accounts for primary factors that influence prices, incorporating both fixed effects general method moments order to more precisely isolate effect energy. The empirical results conclude positively significantly related all sectors, as indicated by higher average states with percentages price increase largest sector, followed then residential. Wind turbine technology has become efficient, but technical gains have been offset increased indirect costs into grid. Transmission balancing final consumers. highlight need view a holistic perspective structural systemic costs. will ensure continued growth These provide relevant insight help developers, policy makers, utility companies build sustainable future.