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New Connecticut gas-fired plant starts up

  • Märkte: Electricity, Natural gas
  • 19.06.18

Competitive Power Ventures has brought a new combined cycle natural gas-fired power plant on line in Oxford, Connecticut.

The 805MW Towantic Energy Center is now supplying electricity to power more than 800,000 homes and businesses in the state. Competitive Power Ventures managed construction of the plant, which will be operated by the Naes service company.

The plant will sell its power into the ISO-New England market. The energy center's location was chosen for its proximity to gas from Algonquin Gas Transmission and to the Connecticut Light & Power 115kV circuit between Baldwin Junction and Beacon Falls.

Gas-fired generation represents about 45pc of ISO-New England's summer capacity, making it the region's largest source of electricity. New England should have a summer electricity demand peak around 25,729MW, according to the grid operator's forecast. That peak would be 7pc higher than a year earlier.

Gas-fired plants in ISO-New England this year have struggled at times of high gas and power demand, with interruptions to fuel deliveries amid pipeline constraints.

Spot prices at Algonquin Citygates have averaged $2.55/mmBtu so far this month, at a 38¢/mmBtu discount to the Henry Hub. Prices at that index during extremely cold weather earlier this year soared to higher than $83/mmBtu, the highest price since Argus began publishing indexes in October 2009 and a $79/mmBtu premium to the US benchmark.


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