Get Market News

Get weekly email updates on market factors like supply, demand, and regulatory affairs. Subscribe now

Get Started with ENGIE

ENGIE Resources is ready to analyze your historical energy usage data and present appropriate options. Get started now

Become a Broker or Consultant

Complete our Brokers & Consultants Inquiry Form. Learn more

ISO-NE Secures Necessary Power to Meet 2021-22 Demand

February 20, 2018

ISO-New England announced it has secured 34,828 MW of capacity to meet peak demand in the 2021-2022 season. The target was 33,725, leaving a 1,103 MW surplus. The clearing price in the capacity auction was $4.63 per kilowatt-month, compared with $5.30 and $7.30 in 2016 and 2015, respectively. Resources totaling 40,612 MW qualified to bid in this year's forward auction, signaling that New England has plenty of capacity in the pipeline.