Pipeline And Nuclear Shortages Send New England's Utility Bills Soaring
http://www.forbes.com/sites/jamesconca/2014/12/17/pipeline-and-nuclear-shortages-send-new-englands-utility-bills-soaring/
Consumers in New England got a shock in their utility bills this month. A 40% increase over the previous month. National Grid , the largest utility in Massachusetts, decided that electricity prices for this winter would rise to 24¢/kWh, a record high.
But peak electricity prices could exceed 100¢/kWh like they did last year during the polar vortex (Forbes).
Not sure why New Englanders are so surprised. It was their choice to throw all-in for natural gas and renewables in a land of harsh winters. But they’ve refused to build new gas pipelines. And they’re shutting a nuclear plant that has 20 years of cheap reliable cold-resistant energy left on it.
New England already has the highest electricity prices in North America – about 18¢/kWh averaged over the whole year. The national average is 12¢/kWh.
(CrossPosted By: Zim.)
Mad Poet Strikes Again.
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