Market monitor: Summer 2023 wholesale electricity costs drop 60%
Energy costs were down 64% from last summer, and capacity costs were down 39%.
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Energy costs were down 64% from last summer, and capacity costs were down 39%.
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The RSP assesses the types of projects needed over the next 10 years. It is not a proposal to build specific projects.
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Each of the ISO’s market applications is unique and will function differently during this transition. Here are the things market participants need to know to prepare.
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Average wholesale prices remained lower than last year due to a 76% year-over-year drop in the price of natural gas.
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For the first time in decades, the region saw its annual peak occur outside the summer months of June, July, and August.
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Certain storage resources would be used to prevent overloading the transmission system.
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The meeting also featured updates on two ISO-NE studies.
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The plan includes details of anchor projects aimed at supporting regional goals for the clean energy transition.
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The course covers the three critical roles ISO New England performs to ensure a reliable supply of competitively priced wholesale electricity.
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The roundtable showcased a diverse array of speakers who delved into the pivotal role that transmission will assume as the region strives to create a cleaner and more sustainable grid.
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