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With natural gas prices remaining lower than 2022, wholesale electricity prices posted another year-over-year decrease.
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New England should have sufficient resources to meet the peak demand for electricity this winter.
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A delay would allow the ISO and stakeholders more time to complete the Resource Capacity Accreditation project.
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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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Total electricity use was down 14% compared to August 2022.
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Energy usage during July decreased slightly year over year.
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While the probability remains low, the increase compared to winter 2027 reflects the impact of expected generation retirement coupled with a forecasted increase in demand.
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The average natural gas price, a key driver of wholesale electricity prices, was down 64% compared to June 2022.
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