View Single Post
Old 01-29-2014, 02:20 PM   #1
TheProfessor
Senior Member
 
Join Date: Nov 2010
Posts: 1,130
Thanks: 17
Thanked 347 Times in 209 Posts
Default Electric Rates to Increase

I read that New Hampshire exports electricity. That NH has more then enough electricity. All electric customers will be charged on their monthly electric bill the cost to expand this natural gas pipeline. Each and all electric bills will increase for the construction of this natural gas pipeline partly used for the generation of electricity.

New England's six governors stepped into uncharted territory Thursday, asking the region's electric grid to help pay for new natural gas pipelines to ease supply constraints.

The governors announced a pact in December to push for regional investment in natural gas pipelines, and the request, in a letter to grid operator ISO New England, marked the first coordinated effort.

Currently, New England electricity customers pay a winter premium for power because the region lacks adequate pipeline capacity for power plants. That situation contributed to the Jan. 1 hike in electric bills, and on Thursday pushed wholesale electricity markets above $400 a megawatt hour, while normal days average closer to $60.

Under the plan, ISO New England would raise money for the pipelines by levying an additional fee on power plants, which would then pass the cost along to customers in their prices. The idea is to jumpstart construction of pipelines because, the governors say, the gas industry isn't moving quickly enough.

LINK
TheProfessor is offline   Reply With Quote
The Following User Says Thank You to TheProfessor For This Useful Post: