As we’ve detailed (for example here, here, and here) many New England policy makers have placed politics above sound policy and the scientific requirements necessary to maintain reliable electric power to families and businesses across the region. Yet another editorial board has called out these inconsistencies which have let to tremendous price spike for energy consumers.
The problem is that while there has been an expansion in the number of homes heating with natural gas and in the electricity coming from gas turbines, there has been little progress in boosting natural gas supplies into the New England region.
The severe cold snap earlier this winter sent prices spiking as the mains feeding gas into the region could not keep up with demand. More oil was used to generate electricity and, along with demand for oil heat, also caused temporary shortages in that fuel and sent heating oil prices spiking as well.
Read more – The Day