March 30, 2017
Carsey report recharges debate over power supply
Energy demand is going down, energy supply not so much. So if we commit ourselves to build expensive power projects we won’t need, the price of energy will go up.
That’s the simple economic idea behind a recently released report by the Carsey School of Public Policy at the University of New Hampshire, yet it flies in the face of conventional wisdom as the state sits on the threshold of a new and complicated energy future.
It comes when utilities and conservationists are duking it out at the state and regional level over whether to devote ratepayer or taxpayer resources to increase supply capacity — which includes everything from gas pipelines to the Northern Pass — or to dampen demand by encouraging renewables and energy efficiency.
What will drive down, or drive up, energy prices? It depends on who you talk to.