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:

  • In 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.
  • Certain 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.
  • During 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.
  • State 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.
  • The 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.