In an appearance before the NEPOOL Participants Committee, ISO-NE CEO Gordon van Welie discussed his recent testimony at the U.S. House Energy and Commerce Subcommittee on Energy.

New England energy market revenues increased by roughly 150% in the winter of 2024/25 compared to the prior winter.

ISO-NE’s total energy market value reached about $1 billion in December — more than double the total value of the market in December 2024 — due to lower temperatures and increased natural gas prices.

FERC Commissioner Judy Chang emphasized the importance of demand response, long-term transmission planning and gas-electric coordination in her address to the NEPOOL Participants Committee meeting.

The RTO will next year focus on capacity auction reforms, establishing a regional energy shortfall threshold, complying with FERC orders 1920 and 2023, and implementing market and technology improvements.

Despite above-average temperatures, the ISO-NE energy market value was down slightly in July 2024 relative to July 2023, ISO-NE COO Vamsi Chadalavada said at the NEPOOL Participants Committee meeting.

NEPOOL held its annual summer Participants Committee meeting in New Hampshire during a multiday stretch of extreme heat and high demand on the New England grid.

Governance structures and market rules at ISO-NE that favor incumbent interests have contributed to pushing the region into costly and carbon-intensive reliability solutions, law professor Joshua Macey told the Consumer Liaison Group.

The NEPOOL Participants Committee approved ISO-NE’s Order 2023-A compliance proposal, making incremental changes to its previous plan approved in March.