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Dive Brief:
Competitive transmission line projects get planned and built more quickly in four major grid regions compared with similar projects built by incumbent utilities, according to analysis released Tuesday by the R Street Institute, a free market-oriented think tank.
The faster construction was seen in the California Independent System Operator, ISO New England, Midcontinent Independent System Operator and Southwest Power Pool. In contrast, incumbent utilities in the PJM Interconnection planned and built transmission projects more quickly than independent transmission companies, the R Street analysis found.
Competitive transmission projects are roughly 30% less expensive than similar incumbent projects, according to the report, “Need for Speed: An Analysis of Speed to Market and Cost Results of Competitive Transmission.”
