New England has vast renewable energy potential—and harnessing it will require significant investment in the transmission system, Gordon van Welie told attendees.
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A reliable, decarbonized electric grid will require adequate supplies of reserve energy, flexible resources, and new ways of assessing and mitigating risk.
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Gordon van Welie, president and CEO of ISO England, and Cheryl LaFleur, chair of ISO’s Board of Directors, discuss progress toward reaching the region’s clean energy future in a joint letter in this year’s Regional Electricity Outlook.
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Since 2002, the ISO’s work in power system planning has facilitated $11.7 billion in transmission reliability improvements.
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The materials include video of the June 1 presentation.
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Panelists will discuss the impact of global events on New England’s energy markets, climate goals, and customer costs.
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The total wholesale market cost of electricity increased 38% in 2021, following record-low energy prices in 2020.
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High natural gas prices drove an 85% year-over-year increase in the region’s wholesale market cost of electricity for the winter of 2022.
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The study, prepared by Analysis Group, looks at the ability of different market design frameworks to meet regional decarbonization goals.
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The region's annual net electricity use is projected to increase 14% by 2031 as the heating and transportation sectors go electric.
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