Entries in wholesale prices (33)

Monday
Jul182016

Wholesale electricity prices and demand in New England, June 2016

June’s average price of electricity was the third-lowest since 2003

June’s low average monthly power price of $21.24 per megawatt-hour (MWh)* was the third-lowest price since 2003, edging out May, which held the third-lowest spot for only a month. The average monthly price of natural gas in New England was the sixth-lowest of any month since 2003, when New England’s current wholesale electricity markets were launched. Total energy consumption during June was at the second-lowest level of any June since 2000, likely due to continued mild weather.

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Thursday
Jun302016

External Market Monitor issues 2015 annual market assessment 

ISO New England's External Market Monitor (EMM) has released its Annual Assessment of Electricity Markets in New England, which is an evaluation of the efficiency and competitiveness of New England’s wholesale electricity markets during 2015. The report, published in June 2016, provides a summary of market outcomes and assesses the enhancements made over the past year to help improve market operation and competitiveness.

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Wednesday
Jun222016

Wholesale electricity prices and demand in New England, May 2016

May’s electricity usage and average prices for natural gas and wholesale power were among the lowest since 2003 

New England’s total demand for electricity during May added up to the sixth-lowest energy consumption for any month in the last 16 years, and the price of natural gas was the fifth-lowest of any month since 2003. As a result, the average wholesale power price in May was the third-lowest since March 2003, when New England’s current wholesale electricity markets were launched. Continued mild weather, as well as the region’s growing use of energy-efficiency measures and behind-the-meter solar, are the likely reasons for low energy consumption during the month.

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Tuesday
May312016

Wholesale electricity prices and demand in New England, April 2016

April 2016 scored the lowest monthly power demand in 16 years

April’s demand for electricity in New England was the lowest of any month since 2000, but the price of natural gas ticked up during the month, pulling the price of wholesale power up with it. The month of April typically scores the lowest monthly consumer demand for power each year. Energy usage in April 2016 was 2.4% lower than the previous record for lowest monthly demand, set the year before, during April 2015. Mild weather combined with the region’s growing use of energy-efficiency measures and behind-the-meter solar are the likely reasons for low energy consumption during the month.

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Thursday
May262016

ISO-NE’s wholesale electricity and capacity markets were competitive in 2015

The 2015 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2015. The report found that average prices for both natural gas and wholesale electricity were the lowest since 2012. The average wholesale price for electric energy was $41 per megawatt-hour, and the total value of the region’s energy market was $5.9 billion.

View the press release and full report.

Thursday
Apr212016

Monthly wholesale electricity prices and demand in New England, March 2016

March wholesale power prices were lowest since 2003

March’s mild weather—with the low demand for power that comes with it—and low natural gas prices proved a potent combination, resulting in the lowest average wholesale electricity price for any month in 13 years in New England.

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