Stuck in the past
To the Editor: Congratulations to Andrew Curland on becoming chairman-elect of the Business Industry Association. I hope Mr. Curland will lead the BIA in a new direction and support the nascent clean energy economy in New Hampshire.
Unfortunately, Mr. Curland repeats the old tropes about high electricity prices and the expense of transitioning off fossil fuels in his warning to legislators about this year’s batch of energy bills.
On the same day that Mr. Curland’s article was published, there was a remarkable post on Twitter about May 11 Local Marginal Pricing (LMP) for ISO-NE electricity going negative. Between 2 and 3 p.m., hourly LMP pricing for New England averaged -$10.00 per megawatt hour. By way of comparison, LMPs average between $20 to $40 per megawatt hour under normal conditions of weather and demand.
Looking forward to more energy efficiency, solar, storage and offshore wind, we can expect that we’ll see many more negative pricings if we’re smart and build the infrastructure to support it. This can never be the case with the old fossil fuel economy, because the fuel is never free.
Some of our more progressive and visionary utilities support most of the energy legislation that has passed the House and Senate. They have seen the future of utilities and they know it won’t be in resisting beneficial electrification, renewables, and a modernized grid. Too bad the leading lobbying and educational organization for businesses in New Hampshire is stuck in the past.