The need for resource diversity in New England

Author

Henderson, M. ; Coste, W. ; Wong, P. ; Platts, J.

Author_Institution

ISO New England, Holyoke, CT, USA

fYear

2009

Firstpage

1

Lastpage

5

Abstract

The New England power system is highly dependent on natural gas-fired generating units. As a result, the price of natural gas drives the price of electrical energy and the amount of environmental emissions. The system benefits when the price of natural gas is low. However, there is a need to mitigate the risks of high prices of natural gas through the diversification of fuel supply, especially as the electrical load continues to grow. This paper discusses the reliability, economic, and environmental risks that New England faces as the result of its high dependency on natural gas. The paper also discusses the mitigating measures that have been taken and public policies that will influence the future resource supply of electricity to the region.

Keywords

natural gas technology; power system economics; power system reliability; risk analysis; New England power system; economics; electrical energy; electrical load; environmental emissions; environmental risks; fuel supply; natural gas-fired generating units; reliability; resource diversity; risk mitigation; Capacity planning; Electric variables measurement; Environmental economics; Fuel economy; ISO; Natural gas; Power generation economics; Power system planning; Power system reliability; Process planning; Fuel diversity; and air emissions; deregulation; natural gas; operable capacity analysis; production cost; system planning;

fLanguage

English

Publisher

ieee

Conference_Titel

Power & Energy Society General Meeting, 2009. PES '09. IEEE

Conference_Location

Calgary, AB

ISSN

1944-9925

Print_ISBN

978-1-4244-4241-6

Type

conf

DOI

10.1109/PES.2009.5275307

Filename

5275307