On March 3 at 11:30 in the morning, an interesting thing happened on the New England power grid. The price for power dropped below zero. It was -$75.14 per MWh, to be exact. That’s MINUS $75.14.
That .
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Connecticut’s first-ever Comprehensive Energy Strategy, released 10 years ago, was built around natural gas. Gas was cheap, plentiful and cleaner than oil or coal. It was touted as a bridge from those fuels to renewables for electric power, and better than oil for heating. The CES set out to convert hundreds of thousands of homes to gas heat.
But that strategy came with a big red flag, now all too familiar.