Prolonged Cold Drove Record Monthly Energy Costs in New England

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Snow accumulation amid Winter Storm Fern in the Boston area | © RTO Insider

Feb 5, 2026 | Jon Lamson

New England experienced record high energy costs in the month of January amid cold weather, high gas prices and a heavy reliance on oil-fired generation.

Ancillary Services Capacity Market Energy Market Generation NEPOOL Participants Committee Resource Adequacy

KeywordsDay-Ahead Ancillary Services Initiative (DASI)day-ahead ancillary services market Hydro-Quebec ISO New England (ISO-NE)ISO-NE internal market monitor January 2026 winter storm natural gas prices New England Power Pool (NEPOOL)oil-fired generation Vamsi Chadalavada Winter Storm Fern

Jon Lamson

Facing Rising Demand, New England has Limited Options for New Supply

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