ISO New England, the region’s energy grid operator, has suspended the independent supplier People’s Power and Gas. 5,700 Granite State customers who turned to PPG for lower rates will be automatically switched to prices set by Public Service of New Hampshire.
With its abundance and low price, natural gas has recently become New England’s preferred energy source, viewed by some as a cleaner fossil fuel. But growing demand has also raised concerns – about the reliability of supplies and possible price hikes. Also, there are long-term questions about becoming too dependent on natural gas.
Dear EarthTalk: I recently saw an article extolling the virtues of natural gas as an abundant, inexpensive and domestically produced automotive fuel. Is this going to be the automotive fuel of the future and how green is it? -- Jason Kincaide, New Bedford, MA
The extremely low prices for natural gas – which can be used to generate electricity - have some opponents of Northern Pass wondering whether Hydro-Quebec might reconsider the project. But a professor at the Massachusetts Institute of Technology says that’s unlikely.
Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan. Hydraulic fracturing, or "fracking," to coax out oil and gas has led to a natural gas boom that the U.S. market is having trouble absorbing.
There's a boom in natural gas production in the United States, a boom so big the market is having trouble absorbing it all.
The unusually warm weather this winter is one reason for the excess, since it reduced the need for people to burn gas to heat their homes. A bigger reason, however, is the huge increase in gas production made possible by new methods of coaxing gas out of shale rock formations.