Day-ahead vs. real-time

Every morning the day-ahead market prices tomorrow, hour by hour. This page grades that bet against what the grid actually paid.

The day, priced twice

Jul 12 · ET · 8-zone average- - day-ahead — real-time
$27$41$54$68$8112 AM6 AM12 PM6 PM11 PM
Spread by hour (RT − DA)12 AM: +$4.371 AM: −$2.812 AM: −$1.923 AM: +$0.324 AM: −$6.345 AM: −$2.946 AM: −$0.997 AM: +$2.068 AM: +$0.799 AM: −$0.3110 AM: −$0.3111 AM: −$9.0112 PM: −$2.931 PM: −$1.032 PM: +$2.113 PM: −$5.904 PM: +$0.415 PM: +$1.216 PM: −$18.37

Where the misses landed

by zone and hour · click a zone to re-scope the chart above
settled under day-aheadsettled overnot yet gradeddeeper = bigger miss · exact numbers on hover

Zone rows rank by today's average miss. zone mean of the load-zone settlement point prices.

Today so far
$42.03
real-time average vs $44.22 day-ahead
Settled under day-ahead
60%
of 719 hours since 2026-06-12
Biggest miss of the window
−$561.83
Jul 2 6:00 PM ET: priced $836.45, settled $274.62
Tomorrow, already priced
$37.25–$89.56
tomorrow's day-ahead range, cheapest to priciest hour

The premium, by hour

the market's error, structurally
+$32−$3212AM: +$0.08 over 30 hours1AM: +$1.88 over 30 hours2AM: +$1.86 over 30 hours3AM: +$0.50 over 30 hours4AM: +$1.02 over 30 hours5AM: −$0.20 over 30 hours6AM: −$0.64 over 30 hours7AM: −$2.35 over 30 hours8AM: −$0.17 over 30 hours9AM: −$4.57 over 30 hours10AM: −$3.28 over 30 hours11AM: −$5.49 over 30 hours12PM: −$6.34 over 30 hours1PM: −$8.94 over 30 hours2PM: −$18.33 over 30 hours3PM: −$22.67 over 30 hours4PM: −$30.51 over 30 hours5PM: −$28.49 over 30 hours6PM: −$31.64 over 29 hours7PM: −$21.65 over 30 hours8PM: −$13.18 over 30 hours9PM: +$1.20 over 30 hours10PM: +$0.37 over 30 hours11PM: −$4.04 over 30 hours12AM6AM12PM6PM

Average of 719 paired hours since 2026-06-12. Fills in as the record grows.

The late-afternoon hours that decide the capacity tag are the hours day-ahead prices hardest. When this chart bulges violet after 2 PM, that is why.

Tomorrow, already priced

the bet, visible tonight
$41$8612 AM12 PM11 PM$89.56

Jul 13, as the day-ahead market cleared it. Real time starts grading at midnight.

By zone, today

day-ahead vs real-time averages
ZoneDay-ahead avgReal-time avgSpread
Connecticut$47.95$41.54−$1.92
Maine$46.44$40.15−$1.92
NE Mass · Boston$49.46$42.57−$2.37
New Hampshire$48.88$42.04−$2.29
Rhode Island$48.94$42.07−$2.37
SE Massachusetts$49.70$42.69−$2.46
Vermont$49.55$42.83−$1.91
West/Central Mass$49.14$42.33−$2.26

Real-time averages cover graded hours only. Full interval detail is on the prices page.

What is the day-ahead market?

ISO-NE clears a day-ahead market every morning: offers close mid-morning and results post in the early afternoon ET, locking an hourly price for every hour of tomorrow. Most New England load settles against those prices, and the real-time market trues up the difference every five minutes.

What is DART?

Trader shorthand for the day-ahead to real-time spread. On this page the spread is real time minus day-ahead, so a positive number means the hour settled above its day-ahead price and a negative number means day-ahead carried a premium.

Why do the two prices differ?

The day-ahead price embeds a forecast of weather, demand, and which plants will run. Real time is the grid as found. New England adds fuel exposure: the region leans on natural gas and imports, so a cold snap or a pipeline constraint shows up in real time first.

Where does this data come from?

ISO-NE's public data feeds: day-ahead hourly and real-time five-minute zonal prices for the eight load zones, the same feeds behind the prices page. On daylight-saving switch days the grid honestly shows 23 or 25 hours.