“Too Much of the Wrong Thing: The Need for Capcity Market Replacement or Reform”

http://bit.ly/37yNcJ9 

1. If, like me, one of your preoccupations is @isonewengland’s administration of the markets in which wholesale electricity is bought/sold then I think you’ll agree thatwas last week’s graphic of the week. It comes from the report linked above.

2. The fact that electricity rates remain high in NE is often cited to justify the construction of additional natural gas pipelines into the region. (“We’re constrained!”) But this falsely suggesting that the price of gas keeps electricity rates high. In fact, ...

3. ... since 2013 prices in the NE energy markets have declined—the cost of electricity has gone down. What keeps electricity rates high are the increasing amounts paid to current/future power plant owners in NE’s capacity market. The report suggests that ISO-NE, ...

4. ... and other ISOs like it around the country with mandatory capacity markets, have unjustifiably high capacity capacity reserves, and it’s costing ratepayers in those ISOs a fortune.

5. The next time someone tells you that tight gas supply/high gas prices are to blame for high electricity rates here in New England, be sure to set them straight.

Highly recommend that you read the entire report!

Wanted: Person needed to proofread my threaded 280-characters-at-a-time screeds. Threeds?