Monthly wholesale electricity prices and demand in New England, March 2024
Energy market prices fell year over year.
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Energy market prices fell year over year.
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The project is one of six initiatives awarded grant funding from the Grid Deployment Office of the U.S. Department of Energy.
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The region saw its lowest winter peak demand since 1986/1987.
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The updated work plan illustrates possible paths forward this year for the Resource Capacity Accreditation project and capacity market reforms.
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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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The proposed prompt/seasonal structure would better ensure power system reliability and cost-efficiency as the resource mix evolves.
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Following FERC’s order, DASI is set to take effect March 1, 2025.
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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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