Energy demands during the recent arctic weather have placed major pressures on energy generators, forcing power companies to rely more on coal and oil to produce electricity.
Read MoreBoston Globe: Prolonged cold snap upends region’s energy market
“Customers are going to see higher prices because they’re consuming so much energy."
Read MoreMassLive: As cold snap lingers, New England becomes ‘world’s priciest market’ for power plants using natural gas
Many dual-fuel power plants in New England switched to burning oil as temperatures plummeted.
Read MoreEllen Ward in Forbes: In Bad Trade Off, New England Forsakes Natural Gas For Petroleum
Until cold front, New England had been at the forefront of converting its fossil fuel power plants to use cleaner burning natural gas.
Read MoreBoston Globe: Cold snap makes New England the world’s priciest gas market
"The market is set up in a certain way in December, it’s not prepared."
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