Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation
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

See Commonwealth Magazine for more

Tags:
Massachusetts   Capacity Market  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Head-of-Retail-Operations -- Wholesale Supplier/Trader -- Other
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Gov.'s Administration Favors Bill Banning New Residential Enrollments With Retail Energy Suppliers
SPP, MISO Institute Rotating Outages, Showing ERCOT 'Energy-Only' Market Design Not Cause Of Outages
DPU Approves Cost Recovery, Disposition Of Products In Approving Utilities' Offshore Wind Contracts
PJM Trying To Cobble Together Exemption For SOS Contracts From MOPR, After FERC MOPR Order
PJM Rebilling LSEs (Retail Suppliers) To Reflect Reduced CTR Credit Rate


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.