Summary
The entity that manages New England's power supply has come up with a bad solution to a real problem. Worse, the proposed solution would cost Maine electricity customers an average of an extra $190 a year.
The problem is that there needs to be enough electric capacity in the New England grid to meet peak demand, although energy use varies throughout the year. The solution that ISO-New England supports is simply to give electricity generation companies a lot of money now in the hopes that they will be around, and possibly expand, in the future. It has called this plan locational installed capacity or LICAP.See the full content of this document
Extract
Generation Gap
New England electricity customers would be required to pay $13 billion over the next five years to e...
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