February 25, 2024


ISO New England Inc. is a regional transmission organization that oversees the operation of the electricity transmission system, coordinates wholesale electricity markets, and manages power system planning for the states of Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, and most of Maine.
Worldview Films
Avangrid Avoids Major Offshore Wind Losses
Avangrid reported a year-over-year decrease in income but said a timely pause in its offshore wind projects saved it from write-offs that could have run into the billions.
Prices, Renewables Rise in New England Capacity Auction

ISO-NE's capacity prices cleared at $3.58/kW-month in FCA 18, a nearly $1 increase over last year.

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ISO-NE Order 2023 Compliance Proposal Fails to Pass NEPOOL TC
ISO-NE’s compliance proposal for Order 2023 failed to meet the voting threshold to receive support from the NEPOOL Transmission Committee.
NEPOOL Reliability Committee Briefs: Feb. 14
ISO-NE provided more detail in response to stakeholder questions about how the RTO plans to model oil and gas resources as a part of its Resource Capacity Accreditation project.
South Fork Wind
Eversource Finds OSW Buyer, Takes $1.95B Hit for 2023
Eversource finalized its long-running attempt to sell off its offshore wind assets, but not soon enough to avoid a $1.95 billion impairment for 2023.
NEPOOL Markets Committee Briefs: Feb. 6, 2024
ISO-NE presented the NEPOOL Markets Committee with the initial results of the RTO’s Resource Capacity Accreditation.
Analysis Group
ISO-NE Moving Forward with Prompt, Seasonal Capacity Market Design
ISO-NE told the NEPOOL Markets Committee that it is proposing a major redesign to its capacity market, moving from a three-years-ahead schedule to a prompt and seasonal design.
NEPOOL Participants Committee Briefs: Feb. 1, 2024
New England power system emissions decreased by about 3.6% in 2023 compared to 2022, according to the underlying data from ISO-NE COO Vamsi Chadalavada’s monthly report.
FERC Releases Latest Version of ISO/RTO Metrics Report
FERC released the latest iteration of its Common Metrics Report on ISO/RTO markets, which evaluates their performance and benefits.
State of Massachusetts
FERC Approves ISO-NE’s Day-Ahead Ancillary Services Initiative
FERC approved ISO-NE’s proposal to create a day-ahead ancillary services market and retire the current Forward Reserve Market, effective March 1, 2025.

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