New England Power Grid Declares Emergency as Temperatures Soar
(Bloomberg) -- New England’s power grid operator declared a level 1 emergency alert in a bid to shore up supplies, as a powerful heat wave gripped the northeastern US.
The alert came after some power generation serving the region tripped offline, said Matt Kakley, spokesman for ISO New England Inc. That left the grid operator, which serves 7.5 million homes and businesses across six states, without enough electricity to meet demand while maintaining required reserves. Electricity prices briefly jumped to $1,993 per megawatt-hour, more than 10 times the day-ahead cost for the hour.
Level 1 grid emergencies indicate that more power supplies are needed but blackouts are not imminent.
The emergency comes as New England faces intense heat days before the official start of summer. Grid conditions are expected to be tight after a large natural-gas power plant in Massachusetts permanently shut down. This leaves little room for error when existing generation fails. Back-up oil generation was brought online to help meet demand on Tuesday, accounting for 4% of the supply at about 6:37 p.m.
©2024 Bloomberg L.P.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More renewables news

Power Sustainable Lands $330 Million for Private Equity Fund

Ukraine's critical minerals deal paves way for clean energy acceleration

Why the Green Hydrogen Industry Is Flocking to Texas

Buyer’s Remorse Hits Finance Bosses Who ‘Overhired’ for ESG

Chinese Solar Losses Deepen Even Before Worst of US Tariffs

Trump EPA Approves Sales of High-Ethanol E15 Gasoline for Summer

Want Solar Panels on Your Roof? How to Navigate Market and Tariff Chaos

Germany Denounces Calls to Break-Up Power Market Into Zones

New Danish Nuclear Power Fund Targets Raising €350 Million
