- Higher, More Volatile Energy Costs for Consumers
- Fewer Fuel Choices
- Unmet Renewable Energy Goals
In the winter of 2013 the wholesale cost of electricity was $3 billion more than it was in the winter of 2012.
Today’s electric grid was not designed to move large amounts of clean power; it was designed and built to serve fossil fuel and nuclear powered generators.
The citizens of the six New England states have approved policies that require the electric system to undergo a massive shift away from coal, oil, and nuclear fuel toward a new paradigm fueled by cleaner natural gas, renewable energy and hydroelectricity. 3,800 megawatts (MW) of older, dirtier power plants have retired or plan to do so.
While replacing old coal, nuclear and oil units with natural gas has significantly cleaned up our electric sector, it has also created economic risk of over dependence on one type of fuel.
To keep pace with the region’s renewable portfolio standards and the closure of these fossil fuel plants, 400-500 MW of new wind projects (or the equivalent from other sources) have to be built each and every year.