The New England Power Generators Association (NEPGA) has issued a briefing paper on competitive generation in the region.
It’s part of the material that the organization, which represents independent power producers, issued in connection with a media briefing on April 5. The NEPGA website indicates that its member companies (which include some of the largest non-utility generators in North America) represent roughly 26,000 MW of capacity in the region.
NEPGA is a trade report that champions competitive power over rate-based utility power ownership. In recent times, NEPGA has been an outspoken foe of a Massachusetts proposal to ease the importation of hydroelectric power from Hydro-Quebec in Canada.
“Fifteen years after deregulation, the competitive electricity marketplace is driving stiff competition to meet consumer demand,” according to NEPGA.
“Wholesale electricity costs are at near-historic lows and New England’s power generation fleet – one of the cleanest in the country – has dramatically reduced emissions,” NEPGA said. “At the same time, billions of dollars in privately-financed, next-generation infrastructure investments are being made to preserve reliability for decades to come.”
NEPGA asserts that since competition was implemented, more than $12bn of new investment has come into the region “to build new facilities, enhance environmental controls and refurbish plants. These investments are being made without state subsidies, without any state-backed long-term contracts and without guaranteed cost recovery.”
When adjusted for inflation, NEPGA said that the wholesale price of electricity in New England has actually decreased by 30%. NEPGA also said that New England has one of the cleanest electric power fleets in the nation, having cut carbon dioxide (CO2) emissions 40% since 1990.