Dominion needs to start being honest with consumers and legislators. 

Those at Dominion who know how electricity sales are priced must laugh out loud when they read quotes by their colleagues comparing the price they sell Millstone’s output into the wholesale electricity market to the price Eversource and UI charge their customers for Standard Offer Service. I spent 10 years working at Eversource’s predecessor pricing Standard Offer Service and I know that comparison is wrong and misleading. 

Millstone’s output is sold in the electricity market in “24-hour strips,” a constant level of output in all hours. Several other components, including capacity, Renewable Energy Credits, and electrical losses, must be combined with 24-hour strips in order to sell Standard Offer Service. Those added elements increase the price that Eversource and UI sell to customers, which are based on competitive bids from multiple suppliers. 

Dominion’s claim that consumers can somehow save if Eversource and UI buy Millstone’s output at above market prices through a competition with solar and wind resources is a complete fallacy. If Eversource and UI had to use the more expensive Millstone output instead of market priced supply in Standard Offer Service, it would increase, not decrease, the price paid by consumers. 

Jim Ginnetti

Stop the Millstone Payout

Windsor