NEC Releases New Report on Regional Energy Landscape
Report Highlights History of Energy Market, Current Challenges, Outlook for Future Energy Demands
BOSTON (October 24, 2016) – The New England Council, a non-partisan alliance of businesses, academic and health institutions, and public and private organizations throughout New England, has published a new report, “The New England Energy Landscape: History, Challenges & Outlook.” The new report is designed to provide businesses, policymakers, and other stakeholders a comprehensive overview of the history of the New England energy market, the current challenges in meeting the region’s energy needs, and an outlook for how the regions energy landscape could evolve in the coming years.
“We know energy is a profoundly important –but also confusing –topic for New England businesses, organizations, and consumers. With this report, we are proud to offer a resource we believe can help people become better informed and conversant in the numerous energy issues facing our region, how our power grid and energy supplies function, and how decisions are made,” said James T. Brett, President & CEO of The New England Council.
The report covers a wide array of topics, ranging from the history of the energy market in the region, to the current mix of energy sources, to how planned facility closures in the near future will impact the region’s ability to meet energy demands. It also provides an overview of how energy prices are set and the factors that influence those costs, how decisions are made about siting of energy facilities and infrastructure, and the role renewables and other new energy sources are playing in the region.
“In this report, the Council does not take sides on pending debates. The key message we hope legislators, regulators, and other policymakers will take away is that all energy decisions are deeply interrelated. No energy decision is made in a vacuum,” Brett said. “Any decision we make about natural gas, renewable energy, nuclear power, or coal- or oil-powered electric supply will have impacts on the price and supply of every other kind of energy, as well as our progress toward environmental goals and mandates. Decisions made in one New England state about the preferred mix and source of electricity will often have impacts in other states in the need for additional electric transmission or pipeline capacity. We’re hopeful this report can encourage a more holistic discussion about our energy choices for the future.”
The report was researched and written for The New England Council by Peter J. Howe, a respected long-time business reporter for The Boston Globe and New England Cable News who is now a Senior Advisor at Denterlein in Boston. In compiling the report, over 30 energy companies and organizations representing all facets of the energy industry in New England were interviewed and consulted for data and feedback.
The report is available online at: www.newenglandcouncil.com/energy-report. The Council will be distributing the report to its over 500 member businesses and organizations, as well as to policymakers and their staffs at both the federal and state level. Hard copies are also available upon request.
The New England Council, the country’s oldest regional business organization, is an alliance of businesses, academic and health institutions, and public and private organizations throughout New England formed to promote economic growth and a high quality of life in the region. The Council is dedicated to identifying and supporting federal public policies and articulating the voice of its membership regionally and nationally on important issues facing New England. The NEC is also committed to working with public and private sector leaders across the region and in Washington through educational programs and forums for information exchange. For more information, please visit: www.newenglandcouncil.com.
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