Gas pipeline limits boosting electricity price

Published March 18, 2014 8:08pm ET



HARTFORD, Conn. (AP) — A lack of pipelines into New England is making natural gas costlier, pushing up wholesale electricity prices in the region by 55 percent last year, the region’s electric grid operator said Tuesday.

The average price of wholesale electric energy rose to $56.06 per megawatt hour, up from a historic low of $36.09 in 2012, ISO-New England said.

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