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Demand for electricity in summer 2022 was nearly 37,000 gigawatt-hours, up 2% from summer 2021.
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Cooler temperatures in September contributed to a year-over-year drop in demand for electricity.
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The organizations discussed preventive measures and emergency response strategy during a tabletop exercise held in Westborough, Massachusetts.
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The region experienced its second heat wave of the summer in August, and demand rose slightly year over year.
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Speaking during a roundtable discussion, ISO-NE CEO Gordon van Welie emphasized the need for solutions regarding energy adequacy.
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A six-day heat wave led to higher demand and a month-over-month increase in wholesale electricity prices.
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Energy market costs totaled $2.09 billion, up 142% from $865 million last spring, according to ISO New England’s Internal Market Monitor.
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While the region's electricity use fell about 11% year over year, wholesale power prices increased due to the price of natural gas.
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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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On the Codcast, Gordon van Welie and host Bruce Mohl discussed the four pillars needed for a reliable clean energy transition and other energy topics.
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