Report: ISO-NE winter power prices down by nearly half this year
Power prices in New England were significantly cheaper this past winter, and Platts notes that it’s at least partly due to the ISO’s reliability program, which worked to ensure sufficient fuel diversity and supplies on hand.
The grid operator developed a reliability program last summer in response to vulnerabilities exposed by the Polar Vortex over the previous winter. The ISO created incentives for dual-fuel resource capability and participation, offsetting the carrying costs of unused firm fuel purchased by generators, and providing compensation for demand response services.
