CONCORD, N.H. (AP) - The president of New Hampshire’s Business and Industry Association says that creating new electricity supplies remains the key to lowering electricity prices.
Businesses and homeowners have seen dramatic increases in their electricity bills this winter. Jim Roche says the average price of wholesale power for February came in at about $119 a megawatt-hour, about twice what it was in January. He also said a lack of supply continues to be the driving factor in high electricity prices.
“The independent electric grid operator, ISO New England, has made it clear that until more infrastructure is added, electricity consumers can expect volatile pricing for natural gas and wholesale power,” Roche said. “Our continued lack of infrastructure, retiring power plants and future energy pricing all indicate our energy prices will continue to rise.”
He says to address price concerns, state legislators and policy makers should focus on encouraging expanded natural gas pipeline capacity and increased electrical transmission into the region, and not implementing new laws that create hurdles to energy supplies entering the New England market.
“Despite our rising electric bills, we are still seeing legislation aimed at creating new energy mandates and new regulatory barriers for energy projects, as well as other efforts that simply make the problem bigger and dig the hole deeper for New Hampshire businesses and other electric and natural gas customers,” Roche said.
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