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August 2, 2007

Study says New England will rely on natural gas

BOSTON, Mass. -- A new study says New England's electricity market will continue to heavily rely on natural gas as a fuel source over the next two decades.

The report today from ISO New England says unless the price of natural gas falls sharply, there will be no significant drop in electricity rates. Few energy investors are forecasting such a decline.

ISO New England runs the region's power girl as well as its $10-billion wholesale power market. Its report highlights the region's growing reliance in recent years on natural gas to produce electricity.

The report examines 52 approaches to meeting demand for electricity through 2025 -- including massive conservation efforts and building nuclear generators at existing nuclear plants.

-- The Associated Press

Posted by Mike McKinney  at 12:00 PM | Permalink

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