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by jeffbee
63 days ago
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As has been repeatedly demonstrated[1], it is the presence of new, large consumers that drives down the cost of bulk power by amortizing the infrastructure investments. Maine voters are, of course, notorious bozos in this field, having voted in a plebiscite in 2021 to cancel the link to Quebec Hydro, which was already substantially completed. 1: For example LBNL's latest banger: Factors influencing recent trends in retail electricity prices in the United States, https://www.sciencedirect.com/science/article/pii/S104061902... |
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Neither Maine nor New Hampshire voters are "bozos" for voting it down. The whole ordeal even prompted Maine voters to establish a new law to stop foreign investors from influencing local referendums because Hydro Quebec spent so much money trying to sway the vote.