As I wind down my last few days at PowerOptions, I first want to thank the members of PO for the opportunity to serve you these 10 plus years. It has been a great ride, starting with our separation from the Health and Educational Facilities Authority through to now, when we are regionally recognized as […]
The competitive electricity supply market is tightening. Margins are thinning and suppliers are working harder to maintain their business. Most suppliers have responded to this tightening by becoming more responsive to customer desires, offering new products and services to deepen customer relationships. Other suppliers have become increasingly reliant on brokers, through channel relationships, to broaden […]
The regional grid operator, ISO-NE, has proposed to create a new compensation mechanism for resources that can contribute to winter energy security during the 2023/2024 and 2024/2025 winters. The proposal has been dubbed “Chapter 2B,” as it follows the cost of service contract given to the Mystic units (and potentially other units in the future) […]
In a concerted effort to cost-effectively reduce greenhouse gas emissions and diversify the region’s resource mix with less reliance on natural gas, Massachusetts, Rhode Island, and Connecticut have procured a total of 1,500 megawatts of offshore wind projects. This is enough generation to replace about half of the Mystic gas plants in Everett, Massachusetts slated […]
The fuel security controversy in New England, particularly as it relates to the availability of natural gas in the winter, escalated dramatically with the issuance of the ISO New England fuel security study, which was followed quickly by Exelon’s announcement that it intends to shut down its Mystic units in Everett unless it receives a […]
Twenty years ago, PowerOptions launched its mission to give Massachusetts nonprofits the opportunity to purchase their electricity and natural gas as part of what is now the largest energy-buying group in the region. Then as now, the contract offered terms that are the best in the industry at no added cost to the customer. In […]
