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Nearly all of the new resources securing capacity supply obligations were energy storage, solar, wind, or demand-reducing resources.
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The proposed prompt/seasonal structure would better ensure power system reliability and cost-efficiency as the resource mix evolves.
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Following FERC’s order, DASI is set to take effect March 1, 2025.
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December 2023 saw New England's demand for grid electricity fall by about 4% year over year, due in part to warmer temperatures.
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FERC has accepted the ISO’s proposed Installed Capacity Requirement of 31,591 MW for the 2027/2028 commitment period.
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Wholesale electricity prices remained lower in November 2023 compared to the previous year.
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Under the new schedule, the 19th Forward Capacity Auction will be held in February 2026.
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The ISO’s Probabilistic Energy Adequacy Tool will help identify circumstances that could lead to an energy shortfall.
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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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