ISO New England
With temperatures on the decline people are most definitely using their heaters. Lucky for them they energy bill wont be through the roof as energy prices have dropped a stunning 23 percent. Now this also means good news for summer as you will be able to turn on your a/c to full blast when those heat waves begin to roll through Boston.
BOSTON (AP) — New England’s power grid operator says wholesale electricity prices dropped by nearly 23 percent regionally last year thanks to falling natural gas prices and decreased demand.
ISO New England said Wednesday that electricity prices are now at their lowest levels since 2003.
The lower wholesale prices don’t necessarily mean quick drops in monthly power bills. Utility regulators in the six New England states set retail rates in advance, and because the rates are in place for intervals of months or years, the lags between drops in wholesale and retail prices can vary.