MA Gov. On Need For Hydro Imports: Current Market "Not Very Competitive"
September 21,2015
Rebuking claims from "competitive" generators that the current New England wholesale market is responding to the need for new supplies, Massachusetts Gov. Charlie Baker, who is pushing for large-scale hydro imports that equate to roughly 40% of retail load, flatly observed that Massachusetts electric rates remain among the highest in the nation, according to Commonwealth Magazine
“We pay somewhere between the highest and the second and third-highest rates for electricity in the county. That’s a fact. So whatever’s going on in our competitive market, it’s not very competitive,” Baker said at a recent conference, Commonwealth Magazine reported
With National Grid default service rates spiking over 40% again this winter, it's hard to argue with the governor. Whether ratepayer-backed imports is the appropriate solution is another matter, but we (unsurprisingly) chuckle at the hypocrisy of competitive generators opposing "intrusions" into the market which merely amount to customers exercising their right under a market to choose a different provider and source of power, while these same competitive generators support the most insidious market intrusion of them all -- compulsory purchases of capacity