"BAKER ADMINISTRATION officials say the two latest offshore wind procurements are in compliance with the state’s price cap even though their electricity will probably end up costing more.
Under the cap, the price of electricity with each successive procurement must come in lower than the previous one. The cap has become somewhat controversial of late, with those wanting offshore wind companies to spend more on economic development initiatives advocating for elimination of the cap. Gov. Charlie Baker and House leaders are in favor of eliminating the cap, but Senate leaders have expressed reservations about doing that."
|CommonWealth Magazine: "Pricing announced for latest offshore wind farms"|
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