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Prices were down in both the Day-Ahead and Real-Time energy markets in February.
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Higher demand and rising natural gas prices drove an increase in wholesale electricity prices in January.
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December 2023 saw New England's demand for grid electricity fall by about 4% year over year, due in part to warmer temperatures.
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Wholesale electricity prices remained lower in November 2023 compared to the previous year.
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With natural gas prices remaining lower than 2022, wholesale electricity prices posted another year-over-year decrease.
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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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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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The average natural gas price, a key driver of wholesale electricity prices, was down 64% compared to June 2022.
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Wholesale power prices fell for the third straight month in May.
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