Recent Electricity Market Reforms in Massachusetts- A Report of Benefits and Costs

Source/Sponsor: 
Massachusetts Legislature
Creator/Author: 
Massachusetts Executive Office of Energy and Environmental Affairs (EOEEA); Massachusetts Executive Office of Housing and Economic Development (EOHED)
Description: 

The report reviewed the costs and benefits associated with recent administrative, regulatory, and legislative changes related to electricity, including their impacts on rates and bills of electricity customers and their impact on economic development in the state. Renewable and alternative energy, including offshore wind, were found to provide ratepayer benefits outweighing the added cost of incentives for these resources resulting from wholesale market price reductions due to introduction of additional generation. At $328 million, the ratepayer benefits were projected to be three times the $111 million cost of implementing these renewable and alternative energy initiatives.

pdf
Publication Date: 
Tuesday, July 12, 2011
594 KB
Resource Type: 
Document