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Low natural gas prices and mild temperatures during the winter of 2023/2024 resulted in the lowest seasonal energy prices since 2020.
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Al McBride will become vice president of System Planning on August 1, following the retirement of Dr. Robert Ethier.
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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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The total wholesale cost of electricity dropped 43% as natural gas prices declined and average hourly demand hit a record low.
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ISO-NE's Mike Knowland explains why it's becoming more common to see lower demand for grid electricity during the day than at night.
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Prices were down in both the day-ahead and real-time markets in April.
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The conversation also explored forecasting future consumer demand for electricity and retail demand response in the region.
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Winter peak demand is projected to grow by 32% over the next 10 years as a result of heating and transportation electrification.
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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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