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ISO-NE’s wholesale electricity and capacity markets were competitive in 2016

The 2016 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2016. The report found that the average price for wholesale electricity was the lowest since 2003, driven by very low natural gas prices and unusually mild weather in the first quarter of 2016. The average wholesale price for electric energy was $28.94 per megawatt-hour, and the total value of the region’s energy market was $4.1 billion. View the report.