Monthly wholesale electricity prices and demand in New England, June 2024
New England’s electricity use was up nearly 10% year-over-year in June.
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New England’s electricity use was up nearly 10% year-over-year in June.
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Prices were up in both the day-ahead and real-time markets in May.
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Prices were down in both the day-ahead and real-time markets in April.
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Energy market prices fell year over year.
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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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