Tuesday, 9 January 2018

US fuel prices surge as freeze propels up New England's energy needs

Freezing temperatures have crippled the energy infrastructure in New England for the past 10 days, sending prices for natural gas and fuel oil soaring. After a winter storm brought down a large nuclear plant, gas prices skyrocketed and operators turned on some oil-fired power stations. Managing the region’s power system “continues to be challenging,” the ISO New England grid operator warned, noting that some oil-fired generators were “quickly depleting their fuel supply”.

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