Fall 2016 markets report reviews wholesale market outcomes during September, October, and November 2016 
Friday, February 17, 2017 at 10:03AM
ISO New England in Recent Publications & Events, market monitoring, quarterly prices, wholesale prices

The Fall 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for September, October, and November of 2016.

The Fall 2016 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.17 billion, down 17% compared to the market value of $1.40 billion during the fall of 2015. The average real-time wholesale energy price was $24.72 per megawatt-hour, 22% lower than the average real-time price in fall 2015. The year-over-year decline was driven by natural gas prices that averaged $2.45 per million British thermal units, 21% lower than the average price during the fall of 2015. Lower demand was also a factor; energy usage declined 3%, to 28,812 gigawatt-hours, in fall 2016 from the fall 2015 level.

For more, read Winter 2015/2016 recap: New England power system performed well and prices remained low.

Article originally appeared on ISO Newswire (http://isonewswire.com/).
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