National Grid Plc, Unitil Corp. and Eversource Energy proposed buying as much as 800 megawatts of offshore wind energy as a first step to comply with a Massachusetts law to aggressively develop the nascent industry in the US.
The three utilities asked state regulators to approve a draft plan to solicit bids for offshore wind energy contracts spanning 15 to 20 years, Massachusetts Department of Energy Resources spokesman Kevin O'Shea said in an interview.
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European lawmakers demand action to rein in gas prices, and the EU Commission has drafted a plan. However, gas prices constitute tricky puzzle: No matter how it’s approached, Europe faces an energy shortage in the next six months. The only way to help consumers is through aid, but this is a potentially costly and dangerous path, says analyst.