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ISO-NE’s proposed resource capacity accreditation updates would result in an estimated 11% increase in capacity market revenues, the RTO told the NEPOOL Markets Committee.
ISO-NE is predicting that New England’s peak load will increase by about 10%, and electricity consumption by 17%, by 2033, according to its 2024 Capacity, Energy, Loads and Transmission report.
Eversource announced plans to reduce its investments in Connecticut by about $500 million over the next five years because of the “negative regulatory environment” at the Public Utilities Regulatory Authority.
The NEPOOL Participants Committee approved ISO-NE’s Order 2023-A compliance proposal, making incremental changes to its previous plan approved in March.
In a wide-ranging letter, four U.S. senators called for improved transparency and accountability from ISO-NE, and asked the RTO to increase its efforts to facilitate the clean energy transition.
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