ISO-NE considers new seasonal forward market to improve energy security

Utility Dive: Long stretches of cold weather have spiked prices and challenged reliability in recent years, and now ISO-NE is working to develop market-based solutions to address the issue. The grid operator says it envisions three "core components" to its solution, including new markets to help coordinate the use of limited stored energy, such as oil and liquefied natural gas.

"As currently constructed, the region's wholesale markets do not provide sufficient financial incentives for market participants to undertake these arrangements," the grid operator said last week.

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