New England´s Wholesale Electricity Market, Six Years Later

Energy reliability-the ability for an energy system to meet both short-run demand and long-run capacity needs-is a critical input to a region´s economic growth potential. This paper reviews the structure of New England´s energy markets, focusing on the region´s experiences with wholesale electricity deregulation over the last six years and highlighting their impact on system reliability. It also outlines several proposed changes to New England´s electricity market design based on the lessons learned from deregulation and summarizes their potential impact on the region´s energy markets