Officials: New England will have enough energy in 2019, 2020
HOLYOKE, Mass. (AP) — The region’s electric grid operator says New England should have sufficient energy to meet demand in 2019 and 2020.
ISO New England last week completed its annual forward capacity auction, which is held to secure energy resources that will be needed to meet projected demand. Officials say more than 1,400 megawatts of new generating capacity have been procured.
The power will help to replace at least 4,200 megawatts of current generating capacity that will be retired by 2020, including the Pilgrim nuclear power plant in Plymouth that is expected to close by 2017.
ISO has said that another 6,000 megawatts is at risk of also leaving the system by the end of the decade.
ISO chief executive Gordon van Welie said competition at the auction was “robust.”
“The high participation in the auction demonstrates the interest in the New England marketplace and bodes well for meeting future resource adequacy requirements,” van Welie said in a statement.
U.S. Sen. Edward Markey and U.S. Rep. Joe Kennedy, both Democrats, have called on federal energy regulators to review the results of the auction and their impact on consumers, noting that Massachusetts has high energy rates.