Demand on the ISO New England market hit a record low demand of about 5,320 MW in April, with solar and other non-emitting resources supplying over 80% of the region’s electricity at noon.
High natural gas prices, driven by increased heating demand, pushed wholesale electricity costs up 116% compared to winter 2024.
Projected energy demand from electric vehicles and heating electrification are 47% lower in 2030 than the prior year forecast.
The agreements by Avangrid and the New England system operator are intended to make way for trial operations of the project in September.
Canadian imports have served approximately 11% of New England’s load, on average, over the past five years.
The grid operator’s latest load forecast projects 3.4% lower peak winter demand this year than previously forecasted, with the difference increasing to 5.5% by 2030.
The order approves revised interconnection procedures, timelines, cost allocation methods, and financial security requirements for generators connecting to the New England grid, aiming to streamline the process while addressing a backlog of interconnection requests.
