US POWER TRACKER: Moderate ISO-NE power prices expected this summer

The ISO New England on-peak Mass Hub forward power price summer strip for June, July and August averaged $59.54/MWh in May trading, down from the summer 2022 forward power price strip of $115.42/MWh. ISO-NE on-peak power prices are expected to average $41/MWh in 2023 according to S&P Global Commodity Insights power market analysts. “With gas markets rebalancing and production outpacing…