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NH PUC Approves Eversource Energy’s Plan For ISO-NE Market-Based Procurement Tranche For Portion Of Default Service Load
The New Hampshire PUC has approved a plan filed by Eversource Energy, developed in response to a PUC directive, for the introduction of an ISO-New England market-based procurement tranche for 12.5% of the Energy Service (default service) supply needs of PSNH’s small customer group.
The use of the tranche procured from the ISO-NE markets is to be implemented for the August 1, 2024, to January 31, 2025, default service period, and “is expected to provide cost savings for Energy Service customers.”
“Given the ongoing broad differential between the ISO-New England prevailing monthly market prices, including all components, and the requirements-contract prices being paid by Eversource, we expect that this approach will offer savings for Eversource energy service customers, and offer a valuable process for a market-based procurement approach.”
Order No. 26,994 Approving Modifications to Energy Service Procurement (04/12/2024)
DE 23-043
2023 Energy Service Solicitations
