Analysis Group Study Estimates Economic and Environmental Benefits of Seabrook Nuclear Power Plant
- Mar 16, 2023 4:38 pm GMT
The study estimates that Seabrook's ongoing operation through 2032 reduces consumers' electricity costs and is expected to:
$2 billionto $2.91 billionto the Commonwealth's economy.
- Lower regional greenhouse gas (GHG) emissions by 5 million tons per year.
- Reduce electricity and natural gas price volatility for consumers.
- Provide reliable electric generation capacity.
Using commercially available power market and regional economic impact modeling software,
"Beyond the estimated savings to consumers, our study suggests that continued plant operation substantially reduces carbon dioxide (CO2) emissions, helps keeps down Regional Greenhouse Gas Initiative emission allowance prices, and reduces
The study identified significant environmental benefits of the plant's continued operation, including:
- An estimated 49-million-ton reduction in CO2 emissions over 10 years, the equivalent to operation of 2,500 MW of offshore wind resources or the removal of nearly 1 million cars from roadways.
- The plant's ability to generate the equivalent output of three 400 MW gas-fired facilities, which account for roughly 20% of the daily natural gas supply consumed by
Massachusettspower generators during winter, which is when prices are also at their highest.
- Seabrook's contributions toward
Massachusetts'sclean energy goal of having clean energy resources generate 60% of the state's electricity supply by 2030, particularly if planned offshore wind resource additions are delayed.
The study, Economic and Environmental Benefits to
Visit AnalysisGroup.com to learn more about
978 273 6049
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