Add quotation marks to find an exact phrase (e.g., “offshore wind”).
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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There was sufficient generation available to meet consumer demand for electricity throughout the event.
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The New England states have joined with New York and New Jersey to propose a partnership to enhance grid reliability and aid the integration of offshore wind.
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