Monthly wholesale electricity prices and demand in New England, March 2024
Energy market prices fell year over year.
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Energy market prices fell year over year.
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The project is one of six initiatives awarded grant funding from the Grid Deployment Office of the U.S. Department of Energy.
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The region saw its lowest winter peak demand since 1986/1987.
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The updated work plan illustrates possible paths forward this year for the Resource Capacity Accreditation project and capacity market reforms.
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Regional solar production dropped by an estimated 4,000 MW during the event.
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Prices were down in both the Day-Ahead and Real-Time energy markets in February.
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The nonprofit organization recognized Gordon van Welie for his work “identifying, communicating, and leading the way toward key reforms needed for the energy transition.”
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Higher demand and rising natural gas prices drove an increase in wholesale electricity prices in January.
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In 2023, there were 73 days during which demand on the regional power grid was lower during the day than it was at night.
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Several employees were honored for their contributions to projects that support an evolving grid.
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