Order 2023-A Compliance Proposal Approved
The NEPOOL Participants Committee approved ISO-NE’s Order 2023-A compliance proposal May 3, making incremental changes to its previous plan approved in March. (See NEPOOL PC Backs ISO-NE Tariff Revisions for Order 2023 Compliance.)
Order 2023-A “did not necessitate major changes to the Order No. 2023 compliance proposal that the Participants Committee unanimously supported at its March 7 meeting, and most of the proposed incremental changes are in the nature of specific clarifying revisions,” ISO-NE noted.
The RTO said it is planning to submit two compliance filings for the order by May 14.
COO Report
ISO-NE COO Vamsi Chadalavada reported that the system peaked in April at 15,657 MW and also reached its lowest load level in recent years, about 6,600 MW.
The low load levels were caused largely by the continued growth of behind-the-meter solar, which grew in the region by just under 1,100 MW over the past year, Chadalavada said.
He added that he expects similar rates of growth over the next seven to 10 years, which will likely continue to lower energy prices during peak solar hours and incentivize more battery storage to come online.
Overall energy market value was about 30% lower than April 2023 as gas prices trended down, Chadalavada said. Imports were significantly reduced because of drought conditions in Québec, he added.
