Average wholesale electricity prices were 40% lower in New England during winter 2019â20">Average wholesale electricity prices were 40% lower in New England during winter 2019â20
(Wed, 10 Jun 2020) The average spot (wholesale) price of electricity in New England for winter 2019â20 (November 1, 2019âMarch 31, 2020) was about $28 per megawatthour (MWh), down about 40% from the average price of electricity of $47/MWh for the winter of 2018â19. This price reduction was calculated using Internal Hub prices generated by the Independent System Operator of New England (ISO-NE)âa proxy for the average system prices for wholesale electricity in New England. Low natural gas prices, warmer-than-normal temperatures, lower loads, and reduced needs to run expensive generators contributed to lower average winter electricity prices in New England.
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