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forward capacity market

Coverage of forward capacity market in the Nexus archive.

Earliest in view: Jul 1 · 11:32 UTCMost recent: Jul 1 · 11:32 UTC
Co-mentioned in this coverage
Vermontplace1Green Mountain Powerorganization1Vermont Department of Public Serviceorganization1U.S. Energy Information Administrationorganization1Vermont Electric Power Companyorganization1New England’s Independent System Operatororganization1petroleum-based plantstopic1
Recent coverage
  • BUSINESSJul 1 · 11:32 UTCVTDIGGER
    Vermont is heating up, potentially forcing the state’s 7 petroleum-based plants to start picking up the slack

    Vermont spends nearly $4 million annually to keep seven petroleum-based power plants on standby, which operate about 10 hours yearly during peak demand. The state relies heavily on imported hydropower from Quebec but uses these fossil fuel plants as a backup during extreme weather. Ratepayer funds cover 10-20% of utility bills to maintain the plants, despite Vermont having the lowest energy-related CO2 emissions in the U.S.