Friday
Aug282015

Divisional Accounting project is underway; here’s a summary of the implementation phases, plus instructional resources for market participants 

Note: Article updated 8/28/15 with reference materials and completed and upcoming project phases.

ISO New England launched the multi-year Divisional Accounting project to address requests from market participants to segregate settlement reporting by subaccounts so they can evaluate their positions by individual business unit, division, or generating facility. Financial assurance determination and billing/invoice will continue to be at the customer level (i.e., the aggregate of the subaccounts). Here’s a summary of the implementation phases as well as a comprehensive list of training materials, user guides, and other reference materials for market participants who elect to enable and use divisional accounting reporting.

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Friday
Aug282015

Register today: Forward Capacity Market (FCM) Qualification Forum  

October 6, 2015 | 8:00 a.m.-4:30 p.m. | Register Now
DoubleTree Westborough Hotel, Westborough, MA
 

This forum will cover how to participate in the Forward Capacity Market (FCM) qualification process. ISO subject matter experts will explain the qualification process requirements and timeline for the eleventh Forward Capacity Auction (FCA_2020_2021), where Show of Interest submittals will be due in early 2016. The Forum also includes an afternoon breakout session where project developers of new imports/elective transmission upgrades (ETU), generator, and demand response resources will have an opportunity to discuss the qualification requirements specific to their new resources in a non-committal environment.

The event is open to all interested project developers and stakeholders. Project developers of new resources that need a summary of the FCM qualification process before participating in FCM 101 training (November 2-5, 2015) should make every effort to attend. 

The registration deadline is Tuesday, September 22, 2015. Once you register, please contact Debi Smith with your payment information. A registration is not considered confirmed without payment.

Wednesday
Aug192015

Registration now open for 2015 Regional System Plan public meeting

ISO New England will be hosting the annual Regional System Plan (RSP) public meeting Thursday, September 10, at the Seaport World Trade Center in Boston, beginning at 11:00 a.m. The meeting is open to all interested parties, but advance registration is required, and seating is limited. Please visit the event page on the ISO website to register. A draft of the 2015 Regional System Plan will be posted on August 28, 2015.

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Wednesday
Aug122015

Upcoming Coordinated Transaction Scheduling training and Joint Energy Scheduling System sandbox opportunities

Note: Article updated 8/21/15 with training session and JESS sandbox information.

New York ISO (NYISO) and ISO New England (ISO-NE) will be hosting several web-based training sessions on Coordinated Transaction Scheduling (CTS) and the NYISO Joint Energy Scheduling System (JESS). CTS will enable ISO-NE and NYISO to make more efficient use of the transmission lines that connect the two regions. JESS is the NYISO software application participants will use to enter external transactions at the Roseton interface when CTS is implemented. The ISOs expect to implement CTS in December 2015.

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Wednesday
Aug122015

EPA cites as best practice ISO-NE’s evaluation manual for energy-efficiency resources

The Environmental Protection Agency (EPA) has recognized one of ISO New England’s evaluation manuals as a model resource for quantifying and verifying the savings from energy-efficiency (EE) measures.

Specifically, the ISO’s Measurement and Verification of Demand Reduction Value from Demand Resources was cited as one of the best practices for statistical sampling of demand resources participating in competitive wholesale electricity markets, as well as a resource for learning more about how EE savings can be quantified and verified.

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Tuesday
Aug112015

Wholesale electricity prices and demand in New England, July 2015

Another month of low natural gas prices brought July’s average power price to the third-lowest monthly level in 12 years

Following on June’s record-setting average natural gas and wholesale electricity prices, which were the lowest monthly prices in 12 years in New England, July’s prices were also very low, but slightly higher than June’s record. The average monthly natural gas price was 37% lower than the average price during July 2014, and was the third-lowest monthly average in 12 years. As a result of the low natural gas prices, July’s average wholesale power price was the third-lowest since March 2003, when New England launched competitive power markets in their current form. The July average power price was $25.40 per megawatt-hour (MWh)*, 27% below the year-ago price.

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