The cost of the actual power is collected by Eversource and Avangrid on behalf of the generator, which gets all the money.īut there’s still plenty of blame to go around for what’s happening now. As electric distribution companies, their job is to get the power to homes and businesses. Utility companies - Eversource and Avangrid - are not responsible for the price spikes. And, even if reached, still wouldn’t address the longstanding supply problem. Prices above $100 are considered elevated.Īt a nearly three-hour meeting Monday, officials from Connecticut, Massachusetts and New Hampshire, representatives from Eversource and about 160 others, began discussing the energy price crisis - which is region-wide - and looking for ways states can pool efforts to find solutions, especially when it comes to procuring energy.īut with different procedures and energy policies in each state, a common solution was not apparent. ISO-New England, which runs the regional grid, had to declare an energy alert and for a short time wholesale energy prices on the spot market hit more than $2,800. Expected imports of power - apparently from Canada - were unavailable. During peak hours on Christmas eve, some power generators experienced outages. ![]() If there were any doubts, just look at what happened over the extremely cold Christmas weekend. Whoops! There was an error and we couldn't process your subscription.
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