New England Energy Market

New England Energy Market

Posted in the Brattleboro Forum

Mike Mulligan

Brattleboro, VT

#1 Sep 14, 2013

Can the New England's energy market survive the fracking revolution?

"This is not a random event. This is a leading indicator of a potential widespread retirement of nuclear reactors in this country," said Dumoulin-Smith. "It is a bellweather."

But more importantly, he said, the closure is indicative of the "critically flawed" nature of the New England power supply system, in that it has no ability to set appropriate price signals in order to retain power production assets such as Vermont Yankee.
"You have power prices that are tied to a commodity index that is irrelevant and disconnected from the underlying power supply demand. You have a very grim outlook for power generators in New England."
Mike Mulligan

Brattleboro, VT

#2 Sep 14, 2013
So this guy is speaking for what good for the Entergy wholesale commodities...every one of his solutions speaks about jacking up the good peoples electric prices.

How do you fix the market...put more money in my pocket through speculation.

How come the Brattleboro Reformer always speaks for the 1%ers?

During a press conference on Aug. 27 announcing the closure of Vermont Yankee nuclear power plant in Vernon,

“”Bill Mohl, the president of Entergy Wholesale Commodities”””

, said the decision to stop producing power at the plant was based on the economics of the plant, and not operational performance, litigation risks or political pressure.
Mike Mulligan

Brattleboro, VT

#3 Sep 14, 2013
So this guy is speaking for what is good for the "Entergy wholesale commodities"...
Mike Mulligan

Brattleboro, VT

#4 Sep 14, 2013
Another 1%er...wonder how much he makes a year...

Does he speak for the greater interest of us all?

Julien Dumoulin-Smith, an energy markets analyst for UBS, said he was not surprised by Entergy's decision.
Mike Mulligan

Brattleboro, VT

#5 Sep 14, 2013
I think the fundamental problem is a lack of a free market...the 1%er forces are preventing the development of the pipeline and electric transmission infrastructure. They are blackmailing the multitudes that prices have to be raised and they are paying off the politicians to obstruct the development of our infrastructure so that prices remain very high.

You notice the Reformer who is supposed to be standing up for the multitudes never ask the fundamental question...even during the halcyon of Vermont Yankee days we had one of the most expensive electricity in NE.

You know, if these free marketers can’t create an honest market, have the government own and pay for more pipeline capacity...

After the extra capacity is stabilized...then sell the pipeline to the free market at market prices...
"The ISO is working with market participants and the New England states to develop potential market enhancements, including a pay-for-performance market mechanism that will create strong financial incentives for generators to assure that they have adequate fuel arrangements to be able to produce electricity when called on by the ISO," stated the press release.

Fundamentally the ISO... a private company is pushing on a string. They can’t dictate the market players serving the greater public...where if they were a government agency or a TVA setup they could have a lot of leverage.
Mike Mulligan

Brattleboro, VT

#6 Sep 14, 2013
At the bottom of all this, we don't have the infrastructure of people who can speak to the needs of the "multitudes"...

We just have the politicians who are beholden to the 1%ers to get elected...

And the news media just don’t golooking for those people because they are the 1%ers...
Mike Mulligan

Brattleboro, VT

#7 Sep 14, 2013
Right, any self-generated crisis is just an excuse to raise prices...
Mike Mulligan

Brattleboro, VT

#8 Sep 14, 2013
You get it, there is qualification test needed to speak in the media...

As the end of the day, only the 1%ers become qualified to speak to the multitudes...
Mike Mulligan

Brattleboro, VT

#9 Sep 14, 2013
Is a historic grid crisis like this unseen in 75 years going to uncover the drop dead shortcomings of separating the power producers from the rest of a regulated utility....
Mike Mulligan

Brattleboro, VT

#10 Sep 15, 2013

Is the NEISO much different than the ethanol market?

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