ISO New England's Summer 2025 Quarterly Markets Report Highlights Surge in Wholesale Electricity Costs
The ISO New England's Summer 2025 Quarterly Markets Report reveals a stark picture of rising wholesale electricity costs in the region, despite a slight decrease in electricity demand. Notably, total cost of wholesale electricity increased by 33%, driven primarily by an 83% surge in natural gas prices, which had a ripple effect on energy expenses and real-time electricity prices, averaging $49.65 per megawatt hour. The report provides valuable insights into the complex dynamics of the region's wholesale electricity markets, highlighting both areas of improvement and challenges to be addressed.
