The benefits of competitive markets: Boston Business Journal publishes opinion piece by ISO-NE CEO
An opinion piece by Gordon van Welie, president and CEO of ISO New England, appeared in January in the Boston Business Journal. “Viewpoint: Competitive electricity markets have transformed New England’s power grid” outlines the transformation of the regional power grid that has been accomplished by 20 years of competitive wholesale electricity markets. The op-ed notes that competition sends economic signals that encourage investment in power plants, transmission, and new technologies, and the markets have shifted investment risks from ratepayers to investors. “The result has been wholesale power prices that accurately reflect the cost of producing power, and a more reliable, cleaner power grid.” (A subscription to the journal may be required to access the article).