The Scales Have Tipped Towards NECEC as a Must Project

  Intuitively speaking, one might think 1200 megawatts of solid hydro-powered electricity could help reduce wholesale electric prices, especially when natural gas-fired plants are stretched to the max. 

   A review of Friday's and Saturday's wholesale market data as displayed on the ISO-NE Express Website confirms that the excessive demand brought on by the oppressive heat of the past two days sent the price of electricity up by 36%, Saturday and up 42% on Friday as the last 1200 megawatts was brought to market.
   At 11:00 am on Friday, the wholesale price was #132.29 per megawatt-hour. The addition of 1200 megawatts 5 hours later sent prices to $186.66 per megawatt-hour.
    Saturday, prices went from $114.86 to $156.16 per megawatt-hour to get 1200 additional megawatts needed for peak loads.
   NECEC offered 1200 megawatts of solid power at 24/7/365. Massachusetts offered to pay for it prior to entering it into the wholesale market, meaning, as a price taker, the wholesale price would scale back to peaks of $132.29 and $114.86 in this example.
    What a difference in NECEC price suppression when the market prices soar because of poor energy policies. Did Nextera and Calpine, as natural gas and oil plant owners, know this was coming when they fought against NECEC?  Did the unfortunate public know this was coming when they voted against NECEC?

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Comment by arthur qwenk on August 8, 2022 at 2:24pm

Wind, the largest consumer fraud of this century thrust on Maine's consumers because of their passivity and economic naivete , and the  elitists shaking the peoples  pocket books a Kwh at a time for their benefit, for years to come.

Passivity and energy Ignorance comes at a price.

30 cents a KWH may cause an issue for Mainers, we shall see.

Comment by Art Brigades on August 8, 2022 at 11:47am

The short and definitive answer to your question is Yes. And it was no secret during the campaign. Prior to that, it had been no secret during the PUC and DEP proceedings. It's all public record.

NextEra and Calpine stood to lose hundreds of millions of dollars (at ratepayer expense) if NECEC came online. Not only would they get lower a peaker price, but their base load price would be suppressed also (at ratepayer benefit). Remember NextEra owns not just the peak load Wyman plant in Casco Bay, but also the base load Seabrook nuclear plant. 

The punch line of the NECEC veto "campaign" was NIMBY, and it worked, but do you think NextEra and Calpine will spend all that money fighting the Troy Jackson Aroostook wind & transmission boondoggle currently under bid at the MPUC?  No. Because the wind projects will drive prices up, while increasing the value of their dispatchable power. Win-win for them.

Moreover, without all that campaign money from NextEra and Calpine, do you think NRCM, Saviello and the sanctimonious green cabal will oppose Jackson's disaster? Again, No.

Aroostook County was a major forest products region. When the trees got cut it evolved to a major agricultural region. With KETO and South Beach diet killing King Potato, Troy Jackson is leading his county into its next land use transformation: wind power plantation.

The transmission impacts (both land use and cost) will dwarf the NECEC impacts, not to mention the massive wind projects being proposed, but the cabal is sitting-out this one. 

 

Maine as Third World Country:

CMP Transmission Rate Skyrockets 19.6% Due to Wind Power

 

Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.

Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT

******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********

(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/

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Hannah Pingree on the Maine expedited wind law

Hannah Pingree - Director of Maine's Office of Innovation and the Future

"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."

https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/

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