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

ISO-NE revised its compliance proposal for FERC Order 904 to allow generators to be compensated for reactive power outside the standard power factor range.

ISO-NE continued discussions with stakeholders on its capacity auction reform project at the NEPOOL Markets Committee, providing more information on planned changes to the resource retirement process.

The NEPOOL Transmission Committee declined to support a compliance proposal from New England transmission owners for a recent FERC order preventing them from charging interconnection customers for operations and maintenance fees associated with network upgrades.

The NEPOOL Reliability Committee voted to support changes to ISO-NE Planning Procedure 7 to comply with FERC Order 881.

ISO-NE plans to decouple resource retirements from the capacity auction process and adopt a two-year notification timeline for retiring generators, the RTO told stakeholders at the NEPOOL Markets Committee.

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.

ISO-NE’s multiyear effort to overhaul its forward capacity market likely will continue to dominate ISO-NE and NEPOOL work in 2025.

ISO-NE continued work with stakeholders on its capacity auction reform project at the NEPOOL Markets Committee meeting, previewing 2025 discussions on the transition to a prompt capacity auction.

At ISO-NE's quarterly Consumer Liaison Group meeting, climate activists asked board members to make all board meetings open to the public and advocated for more transparency into NEPOOL proceedings.