by Tom Borelli
The law of supply and demand is going to hit New England residents hard.
A recent auction for New England’s power needs for 2017 and 2018 exposes an energy shortage in the region as a result of power plant closings. The lack of future energy capacity will lead to higher energy prices and possible electricity shortages.
The New Haven Register reported on the auction conducted by ISO-New England – the region’s power grid operator.
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