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February 23, 2015
In a recent blog, Christophe Courchesne of the Conservation Law Foundation describes the recent drop in wholesale power prices as reason why the region does not need expansion of natural gas pipelines. The final sentence of his article thoughtfully begins, "In a market that can turn on a dime." And that is really what is at issue—our market can turn on a dime, and these seemingly low prices may not be long lived.
While the volatility of wholesale prices this winter has been significantly less than last year, it is not primarily due to the