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Oil Tops Gas in New England Power Mix After Temperatures Plummet

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Freezing Temperatures Drive Up Nat Gas Prices

Oil is set to become the largest source of electricity in New England on Thursday for the first time in almost three years after temperatures plunged well below freezing.

Plants burning fuel oil accounted for just over 30 percent of the region’s power supply during the morning, according to ISO New England Inc., the local grid operator. Oil typically makes up under 1 percent of the fuel mix on most days.