Sen. Michael Barrett of Lexington has outlined his position previously — that reaching the state’s emission goals hinges on electrification of transportation and heating and low electricity prices make that task possible — but the footnoted letter dived into the details.
Barrett said the state’s procurements have attracted respectable onshore economic development — including the promise of a transmission cable factory at Brayton Point in Somerset — while keeping the price of offshore wind electricity well below the price in every other state. He noted Massachusetts prices have been 43 percent, 68 percent, and 100 percent less than similar deals in New York, Connecticut, and New Jersey, respectively.
Removing the cap, Barrett said, would put Massachusetts at the mercy of a handful of offshore wind companies that he described as an oligopoly. “We can’t count on competition to substitute for a price cap,” he said.