Thursday
Sep222016

Monthly wholesale electricity prices and demand in New England, August 2016

August’s average price of electricity rose on higher natural gas prices and higher demand

August’s average monthly power price of $40.19 per megawatt-hour (MWh)* was up 13.7% from the August 2015 average price of $35.35/MWh and 37% higher than the July 2016 average price of $29.33/MWh. The month included some very hot and humid weather that drove up air conditioning use, which drove up demand for power by 3% over the month as a whole. The highest level for demand so far this year occurred on August 12, during a heat wave, when demand peaked at 25,521 MW. The day before, on August 11, shortage conditions developed – meaning the region was short of the required level of reserves – on the regional power system when several generators tripped offline, causing real-time prices to spike and requiring implementation of special operating procedures, including dispatch of demand-response resources in all of New England except Maine. The ISO New England control room maintained reliable power system operations throughout the day.

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Thursday
Sep222016

Now online: Recording of Q3 2016 Settlements Issues Forum

The recording of the September 8, 2016, Quarterly Settlements Issues Forum webinar is now available for download from the ISO website on the Quarterly Settlements Forum page. These quarterly interactive, web-based meetings cover upcoming changes affecting ISO New England settlements and billing and are open to interested market participants. Email the training team with questions at MkTraining@iso-ne.com.

Thursday
Sep152016

ISO-NE board members re-elected 

Slate Composed of Current Board Members Hill, Rush, and VanZandt

ISO New England’s board of directors today re-elected three members, Raymond Hill, Barney Rush, and Vickie VanZandt, effective October 1. The ISO board members are elected through a joint nominating process involving representatives from the ISO New England Board of Directors, the New England Power Pool (NEPOOL), and the New England Conference of Public Utilities Commissioners. Candidates also receive the endorsement of the NEPOOL Participants Committee. This year’s election represents the 12th year of this collaborative selection process.

View the press release.

Thursday
Sep152016

It's back to school time! Register for fall WEM and FCM customer training classes

ISO New England is offering WEM 201 and FCM 101 this fall. A description and registration link for each class are provided below. You may also register by going directly to ISO New England’s Training & Events Network (ISO-TEN). Questions? Email the customer training team at MkTraining@iso-ne.com.

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Wednesday
Sep072016

Spring 2016 markets report reviews wholesale market outcomes during March, April, and May 2016 

The Spring 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for March, April, and May of 2016. The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.02 billion, down 38% compared to the market value of $1.64 billion during the spring of 2015. The average real-time wholesale energy price was $22.10 per megawatt-hour, a decline of 40% compared to the spring of 2015. The year-over-year decline was driven by lower demand due to milder weather and lower natural gas prices that averaged $2.29 per million British thermal units, 45% lower than the average price during the spring of 2015. The report reviews the performance of Coordinated Transaction Scheduling (CTS), which was implemented December 15, 2015, to improve the efficiency of wholesale power trades between New England and New York. And the report examines the effects of revisions to the regulation market rules since July 2013.

Wednesday
Sep072016

In brief: New handout summarizes ISO-NE’s high-tech initiatives

ISO New England has published Getting Ready for the Hybrid Grid, a one-sheet summary of our cutting-edge efforts to facilitate New England’s transition to a smarter, greener grid. The handout describes how the ISO is breaking new ground in the areas of forecasting and dispatch of renewable resources and other new technologies; high-speed cloud computing for analyzing vast, complex data; and protecting against cyber threats.

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