Offshore wind could have saved New England ratepayers millions last winter

PORTLAND PRESS HERALD • September 4, 2025

New England’s wholesale electricity prices would have been 11% lower last winter if some offshore wind projects that had been contracted but not built were finished, according to a new report. The report, published last week by consulting firm Daymark Energy Advisors, found that if a handful of projects off the coast of Massachusetts and Rhode Island — totaling about 3,500 megawatts of capacity — had been online by the winter, they could have produced enough energy to power more than 560,000 homes for a year while reducing the wholesale costs across the region by roughly $400 million. The study comes as the Trump administration is rolling back offshore wind development.