Get to know competitive power suppliers and discover key stats on cost savings and emissions reductions in competitive electricity markets – in EPSA’s new fact sheet.
With 2021 well underway, EPSA looks ahead to working alongside a new Congress and a new president. We are kicking off the new year with a 101 course on who EPSA is and the important work our member companies are doing to bring reliable power to consumers while reducing emissions and keeping costs low.
EPSA represents competitive power suppliers that collectively own and operate over 147,000 megawatts (MW) of power generation across the United States and parts of Canada. EPSA members own, operate, and invest in the facilities and technologies that generate and sell electricity. These companies operate all generation resources and technologies including natural gas, coal, wind, solar, hydropower, geothermal, nuclear, biomass and battery storage. In all, EPSA members have enough power capacity to meet the needs of 117 million homes.
EPSA plays a unique role in the advocacy space due to the wide-reaching impact of our members’ services – both economic and environmental. Customers win when companies compete, and our member companies’ presence in the competitive wholesale power market helps make energy affordable for millions of Americans across the country. Environmental impact remains a priority for EPSA members as well, and competitive power markets effectively facilitate emissions reductions by prioritizing efficiency and least cost solutions to meet power demand. Since 2005, the PJM Interconnection market has seen a 34% drop in CO2 emissions thanks to renewable resources and more efficient and advanced technologies. For example, more than 6,000 MW of our member companies’ power capacity is sourced from renewables and zero-emitting nuclear plants, and EPSA members own and operate about 6,700 MW of battery storage on the grid or currently in development. Innovation is what drives our member companies, and it’s helping reduce emissions across the board.
EPSA’s 2021 focus will continue to be providing reliable, affordable power to consumers – particularly as the COVID-19 pandemic continues to take its toll on American families. But just as critical are technological advancements and innovations that allow our members to supply more power with fewer emissions. We look forward to working with elected officials, both new and incumbent, at every level of government in the year ahead – and advancing solutions for the homes, businesses and essential services that depend on the power supplied by our members.
For more information, download EPSA’s fact sheet, “Competitive Power Generation: The Affordable, Clean, Reliable Electricity Solution.”