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The total wholesale cost of electricity dropped 43% as natural gas prices declined and average hourly demand hit a record low.
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ISO-NE's Mike Knowland explains why it's becoming more common to see lower demand for grid electricity during the day than at night.
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Prices were down in both the day-ahead and real-time markets in April.
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The conversation also explored forecasting future consumer demand for electricity and retail demand response in the region.
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Winter peak demand is projected to grow by 32% over the next 10 years as a result of heating and transportation electrification.
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The delay gives ISO-NE and stakeholders time to develop a new structure for the market that helps ensure sufficient energy resources for the region.
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The Consumer Liaison Group meets June 4 in Holyoke, Massachusetts, and online.
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The region’s solar power capacity is expected to nearly double in 10 years.
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The returning members have expertise in clean energy, consumer advocacy, transmission, wholesale electricity and financial markets, and deployment of complex IT systems.
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The proposed process would grant New England states greater insight and flexibility when evaluating potential upgrades to address environmental policy goals.
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