After a winter of record prices, ISO-NE wholesale market values fell back to more typical levels in March amid milder temperatures and lower gas prices.

The winter of 2025/26 was the most expensive winter in the history of ISO-NE’s wholesale markets, driven by the lowest average temperatures in 20 years.

Consistently cold weather drove record-high December energy market costs for ISO-NE and caused the region to rely heavily on stored oil and LNG injections.

ISO-NE’s probabilistic modeling indicates there is minimal risk of shortfall in the upcoming winter, COO Vamsi Chadalavada told the NEPOOL Participants Committee.

ISO-NE received six proposals from four different companies in response to its request for proposals to address transmission constraints and interconnect onshore wind in Maine.

Capacity auction reforms, a new asset condition reviewer role, parallel transmission planning efforts, new reserve products, Pay-for-Performance changes and interconnection modifications are likely to be on the docket for ISO-NE in 2026.

The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.

Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.