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Coal Power Plant Closing Risks New England Power Grid

The state of New England’s electricity supply just got worse. Against the recommendation of its grid operator – ISO New England – Brayton Point Energy LLC said it was going to close its Brayton Point coal-fired power plant.

ISO New England – the organization responsible for ensuring the region has adequate electricity – is concerned about the consequences of the loss of the power plant on the grid’s reliability.

EPA regulations have put power plants such as Brayton Point in a no-win situation because they can’t afford the compliance costs, forcing them to close the facility despite New England’s energy needs.

From The Boston Globe:

The owner of Brayton Point power plant in Somerset said Monday it will retire the coal-fire facility as planned in 2017, despite a recent determination from the region’s grid operator that the plant is needed to meet future demand for electricity and avoid possible power outages.

Closing the plant, the second largest in New England, likely will mean higher electricity prices for consumers in coming years — though just how much is unclear — as newer, higher-cost facilities are used to replace Brayton, industry officials said.

“We are starting to pay for some of the older resources to go away,” said Dan Dolan, president of the New England Power Generators Association, a trade group.
ISO New England, the grid operator, has also indicated that Brayton’s retirement could also cause problems for the electric grid if enough new sources of electricity aren’t found in time to fill the gap.

As previously discussed, here and here, President Obama’s war on coal will result in higher energy costs for businesses and consumers.

Winter’s cold weather is diverting the natural gas supply from electricity generation to home heating causing spikes in electricity prices.

The increase in electricity prices is real. The Hartford Business Journal reported:

The average wholesale price of electricity in New England rose 126 percent in December compared to December 2012, driven by demand for light and natural gas, according to grid administrator ISO New England.

The closing of coal plants means more dependency on natural gas and less energy supply for electricity production.

A command and control energy policy is doomed to fail and New England is providing us with ample evidence of such a failure.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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