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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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This was a virtual course on New England’s Forward Capacity Market.
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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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The plan includes details of anchor projects aimed at supporting regional goals for the clean energy transition.
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Total electricity use was down 14% compared to August 2022.
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Mark Karl, vice president of market development and settlements, will retire in October, to be succeeded by Matthew White.
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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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Topics included the ISO’s three critical roles and features of the ISO to Go app.
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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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