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The changes provide an avenue for the states to evaluate and finance transmission upgrades needed to ensure a reliable grid throughout the clean energy transition.
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ISO-NE's system operators and forecasters are continuously monitoring conditions.
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Consumer demand for grid electricity exceeded 23,000 MW on June 20, but remained below ISO New England’s pre-summer peak demand forecasts.
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Prices were up in both the day-ahead and real-time markets in May.
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The ISO has procedures in place to deal with tight system conditions.
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The proposed changes follow an extensive stakeholder engagement process.
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Assuming typical weather conditions, the ISO predicts electricity demand will reach 24,553 megawatts this summer.
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Prices were down in both the day-ahead and real-time markets in April.
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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 proposed process would grant New England states greater insight and flexibility when evaluating potential upgrades to address environmental policy goals.
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