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Maine leaders pitch solutions to enhance grid as temperatures drop and electricity prices soar
In the wake of a lengthy cold snap that caused natural gas prices to spike to their highest level ever across New England, Maine policymakers met this past week to dissect the resulting rise in electricity costs and broach potential solutions.
On Jan. 27, Massachusetts saw the highest natural gas price ever recorded since grid operator ISO-New England updated its pricing database in 2003, according to energy news outlet RTO Insider.
The impact on wholesale electricity prices was stark. That day prices on the New England grid soared to $441.8/MWh by one metric, compared with an average of $135.08/MWh in January 2025.
Cold snaps like those that recently gripped Maine cause natural gas prices to skyrocket and electricity prices along with them, said Philip Bartlett II, chairman of the Maine Public Utilities Commission.
That’s because natural gas accounted for 55 percent of total electricity generation on the New England grid in 2025, according to ISO-New England, and is turned to when electricity demand is at its highest.
“The biggest challenge we're facing right now is affordability,” Bartlett said at a Feb. 5 legislative forum hosted by nonprofit E2Tech in Augusta. “We're seeing upward pressure on every component of the bill.” |