When sitting with a client and reviewing options for securing the next contract cycle of power or gas, you cannot help but turn to the topic of how we got to where we are today after years of reasonably normal swings and cycles in the price of natural gas and electricity. Simply put, today’s energy market is far from optimal.
The insights outlined below track industry efforts over the past two decades to secure a strong and resilient position for New Englanders; one to weather the twin demons of fuel shortages and price spikes. While there have been valiant and responsible attempts to drive evolution, unfortunately most were thwarted. I believe any one of them, if successful, could have loosened the squeeze we are now experiencing.