Moderate temperatures and no heat waves in New England this summer drove down power use and peak demand to their lowest levels in several years. The six states collectively consumed about 33,821 gigawatt hours (GWh) of electricity during the months of June, July, and August, which is just slightly above the amount of energy consumed during the summer of 2009, at 33,808 GWh, and less than every other summer since 2000. Peak demand, which refers to the highest amount of power used in a single hour, topped out at 24,409 megawatts (MW) on July 2—the last time summer peak demand was lower was in 2004, when demand peaked at 24,116 MW on August 30, 2004.
A few seats remain for the upcoming Forward Capacity Market (FCM 101) training on October 20-23, 2014. If you’re interested in attending, please register no later than Friday, October 3. Seats are also available for WEM 201 on November 3-5, 2014. We anticipate this class will fill up over the next few weeks so if you’re interested, register today! Descriptions and registration links for each class are provided below.
Registration is open for the Webinar: FCM Reconfiguration Auctions and CSO Bilateral Contracts that will be held on October 16, 2014, from 1:30 - 3:00 p.m. This webinar will review the qualification, process, and schedule for the annual and monthly reconfiguration auctions. It will also cover capacity supply obligation (CSO) bilaterals. Please email MkTraining@iso-ne.com with any questions.
August wholesale power prices continued to slide on lower demand and natural gas prices
With the mild weather of August dampening demand for power for air-conditioning in New England, the average price for wholesale electricity fell. A low average natural gas price during August also pulled electricity prices down. The real-time price of wholesale power, at $30.21 per megawatt-hour (MWh)*, was 13% lower than the July average price of $34.91/MWh, and nearly 14% lower than the $35.08/MWh average price recorded during August 2013.
Registration is open for the 2014/2015 Pre-Winter Generator/DDE Readiness Seminar on October 28, 2014 at the DoubleTree Hotel in Milford, MA. This seminar is for generator and demand response lead participants, designated/demand designated entities, and generator operating staff—all are strongly encouraged to attend. This seminar will recap the 2013/2014 winter operating period and provide an outlook for the coming winter. The outlook will cover programs, procedure changes, lessons learned, and preparations being put in place to enhance cold weather operations. ISO System Operations staff will conduct the seminar and be available for questions. Register today.
ISO New England’s commitment to sustainable facilities continues with the new backup control center (BCC) in Windsor, Connecticut. The BCC, which began construction in 2013 and became operational earlier this year, has been awarded LEED® Gold certification by the U.S. Green Building Council (USGBC).