Download or read book CONSUMER, EMPLOYMENT, AND ENVIRONMENTAL BENEFITS OF ELECTRICITY TRANSMISSION EXPANSION IN THE EASTERN UNITED STATES written by Christopher T M Clack and published by Vibrant Clean Energy, LLC. This book was released on 2020-10-28 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study finds that by the entire Eastern Interconnection (EIC) decarbonizing by 95% by 2050 (and 65% by 2035) over 6 million new jobs could be created and $100 billion could be saved. This saving amounts to about $300 per residential customer per year. To achieve the low-emission electricity system, transmission must be expanded across the EIC to efficiently share the over 80% of wind and solar generation by 2050. The study finds that wind, solar, storage and transmission can be complements to each other to help reduce the cost to decarbonize the electricity system. Transmission provides spatial diversity, storage provides temporal diversity, and the wind and solar provide the low-cost, emission-free generation.