A Smarter Way to Pay: Public Financing for Affordable Transmission Development in New England

New England will need to scale a broad mix of clean energy resources, grid infrastructure, energy efficiency and demand response, and other technologies to meet climate targets, accommodate rising demand from electrification and new industries, and manage winter peaks projected to double over the next 25 years. At the same time, aging infrastructure and growing electricity demand are increasing pressure to expand and modernize the grid.

A study from Acadia Center and Clean Air Task Force, with contributions from Power Advisory and Professor Joshua Macey of Yale University, finds that public financing mechanisms could significantly reduce the cost of building and upgrading transmission infrastructure in New England – delivering $9.5 billion in savings for customers while supporting a reliable and clean electricity system.