Business prez: Electricity supplies key to lowering prices
CONCORD (AP) - The president of New Hampshire's Business and Industry Association says that creating new electricity supplies remains the key to lowering electricity prices.
Businesses and homeowners have seen dramatic increases in their electricity bills this winter. Jim Roche says the average price of wholesale power for February came in at about $119 a megawatt-hour, about twice what it was in January. He also said a lack of supply continues to be the driving factor in high electricity prices.
He says to address price concerns, state legislators and policy makers should focus on encouraging expanded natural gas pipeline capacity and increased electrical transmission into the region, and not implementing new laws that create hurdles to energy supply entering the New England market.