Need for Energy
New Hampshire’s quality of life, as well as its business and economic
development, depend on energy security: having enough power to meet
the state’s needs now and into the future, at prices that are competitive and
predictable. Looking ahead, our energy security faces some uncertainty. The
regional energy supply that New Hampshire draws from is becoming less diverse
and more subject to price volatility and reliability risks:
2014, 44 percent of the region’s electricity was produced from natural
gas, compared with 15 percent in 2000. New England’s growing dependence on
natural gas is an ongoing concern for state and federal officials, who
believe that a diverse energy portfolio ensures both energy reliability
and economic stability.
oil-fired and nuclear generators in the region could retire within the
next five years, while coal-fired plants are subject to
ever-more-stringent environmental regulations — highlighting the need for
additional sources of energy.
the winter of 2013/2014, New England paid $3 billion more for electricity
than consumers did the previous winter. Today, New England states have
some of the highest electricity rates in the country.
and federal policies continue to favor cleaner and more reliable energy
sources. For example, New Hampshire’s Climate Action Plan recommends importing
additional hydroelectric and wind power from Canada to decrease carbon
dioxide emissions from fossil fuel generation.
existing transmission connections between New England’s energy system and
Québec’s system are highly utilized, especially during peak periods.
Opening a new transmission connection to Canada’s clean hydropower will not
only provide a large source of affordable and reliable energy to the region, but
it will also help address these energy security concerns and lower costs.