Category: Energy

Thurston: Cold snap reveals need for natural gas pipeline 

Gas was prioritized for home heating, forcing power plants to burn expensive oil instead and to import Liquified Natural Gas from foreign countries in container ships at 3-5 times the normal, unconstrained cost of Marcellus Shale gas. Wholesale electricity prices (called LMPs) spiked dramatically, with peaks over $660/MWh on January 27 and averages far higher than normal during the event. For comparison, the most recently reported average annual wholesale cost of ISO-NE electricity was $40/MWh for 2024.