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Lower natural gas prices led to a 57% reduction in energy market costs in New England compared to the previous year.
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The ISO is expanding weather data collection from eight to 23 locations across the region to aid in forecasting consumer demand for electricity.
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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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The episode focused on electrification as New England transitions to clean energy.
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Topics included the ISO’s three critical roles and features of the ISO to Go app.
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Two teams of ISO employees presented on work the ISO is doing to ensure the reliability of the grid of today and tomorrow.
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Tricia Arling and Angela Gaspar of Human Resources talk about the range of cultures, educational backgrounds, and areas of expertise represented within ISO New England’s workforce.
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The Wholesale Markets Project Plan is published every summer and winter, and is a companion piece to the ISO’s Annual Work Plan.
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There was sufficient generation available to meet consumer demand for electricity throughout the event.
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Record energy prices defined the energy market in 2022, according to the latest annual report by ISO New England’s Internal Market Monitor (IMM).
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