Gas pipeline limits boosting electricity price
HOLYOKE, Mass. (AP) — New England's electric grid operator says a lack of pipelines is making natural gas costlier, pushing up wholesale electricity prices in the region by 55 percent last year.
ISO-New England said Tuesday that the average price of wholesale electric energy rose to $56.06 per megawatt hour, up from a historic low of $36.09 in 2012.
Natural gas is the predominant fuel used to generate the region's electricity, amounting to about 46 percent of generation in 2013.