Add quotation marks to find an exact phrase (e.g., “offshore wind”).
Low natural gas prices and mild temperatures during the winter of 2023/2024 resulted in the lowest seasonal energy prices since 2020.
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By 2050, heating for more than two-thirds of the region’s housing stock will have become electrified, the ISO projects.
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The region saw its lowest winter peak demand since 1986/1987.
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New England should have sufficient resources to meet the peak demand for electricity this winter.
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RTO executives from around the country testified before the House Subcommittee on Energy, Climate, and Grid Security.
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While the probability remains low, the increase compared to winter 2027 reflects the impact of expected generation retirement coupled with a forecasted increase in demand.
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The study’s first set of results examine winter 2027.
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The results showed limited reliability risks in the short-term, provided other generating resources are available to respond.
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The period from December through February averaged 5°F warmer than normal. Meanwhile, electricity demand dropped by 4% compared to last winter.
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The expected short duration of the cold weather limits the potential for strain on the region’s stored fuel supplies.
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