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DEEP says Senate Bill 4 reforms and long‑term contracts are part of the strategy to limit volatility
Summary
DEEP told the committee that SB4’s mix of procurements, oversight and program adjustments—plus new grid‑scale purchases and Millstone/Seabrook contracts—help hedge wholesale market volatility and can offset portions of the public benefits charge over time.
Commissioner Dykes of the Department of Energy and Environmental Protection told the Energy and Technology Committee that Public Act 25‑173 (Senate Bill 4) was designed to attack affordability by addressing multiple bill components: supply, transmission, delivery and the public benefits charge.
DEEP emphasized that supply volatility in ISO New England has been a growing problem since the pandemic and that state‑led procurements can provide a hedge. "We've brought on about 2,100 megawatts of new grid scale resources,…
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