Title :
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
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;
Conference_Titel :
Power & Energy Society General Meeting, 2009. PES '09. IEEE
Conference_Location :
Calgary, AB
Print_ISBN :
978-1-4244-4241-6
DOI :
10.1109/PES.2009.5275307
