12/19/2023 0 Comments Invenergy burrillville fracked gasIt is more than just a simple supply-demand equation.” There are multiple benefits to be considered. “It is a benefit in lower energy prices,” he said. For that and other reasons, he still stands by his forecast that both its units would be able to win contracts at future auctions. Because the Clear River plant would be able to convert natural gas to power more efficiently than nearly any other generator in New England, it would force more polluting, more costly facilities offline, Hardy said. Part of it is demand is decreasing.”īut, he added, the picture is more complex. “Am I to assume that supply is increasing because price is decreasing?” she asked Hardy. The issue was taken up by siting board member Janet Coit on Wednesday. As proof, they point to the fact that only one of the Clear River plant’s two proposed units was able to win an ISO-NE contract - which was subsequently canceled because of permitting delays - and that prices in recent auctions have been low. “That’s part of the benefit, in supporting renewable-energy projects,” Hardy said Wednesday.īut Burrillville and the Conservation Law Foundation, the other entity at the head of the fight against the power plant, counter that there is an ample supply of power already on the market. In fact, the company says, the intermittent nature of solar and wind - the sun doesn’t always shine and the wind doesn’t always blow - would require more plants that can start and ramp up rapidly to step in when needed. The plant would also displace less-efficient, more-expensive plants, the company says.Īnd, it contends, that even the escalating development of renewables won’t obviate the need for the Clear River project. Invenergy argues that the closing of aging generators, like the coal-fired Brayton Point Power Station in Somerset, which will soon be demolished, will necessitate construction of state-of-the-art plants like the one it is pitching in Burrillville. On Tuesday afternoon, he referred to the low prices in ISO-NE’s recent auctions of power capacity contracts as evidence that there is little if any need for new power plants. McElroy, who is among those leading the fight against the 1,000-megawatt power plant, was picking up from where he left off on Tuesday during his cross-examination of Ryan Hardy, a consultant for Invenergy. He then pointed to projections by Independent System Operator New England, which manages the regional energy system, that demand for electricity is expected to essentially remain flat over the next few years. Michael McElroy, lawyer for the Town of Burrillville, read the relevant statute out loud on Wednesday as a hearing continued before the board on the $1-billion fossil fuel-burning power plant proposed in Burrillville by Chicago developer Invenergy. WARWICK - Under Rhode Island law, for the Energy Facility Siting Board to approve the construction of a new power plant, the project must be proven necessary to meet the energy needs of the state or region.
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