Friday
Dec122014

Web conference: Show of Interest training for FCA #10

ISO New England is hosting two web conferences to inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) application for the tenth Forward Capacity Auction (FCA 2019–20) to be held in February 2016. Separate training sessions are available for demand resources (January 21, 2015, 1:30–3:30 p.m.) and new generation and imports (January 22, 2015, 1:30–3:30 p.m.).

If you have any questions, please email the training team at MkTraining@iso-ne.com.

Friday
Dec052014

Happy Holidays from ISO New England!

Monday
Dec012014

ISO-NE receives successful SOC 1 Type 2 report

ISO New England recently completed a 2014 Service Organization Controls (SOC) 1 Type 2 engagement that assessed the controls surrounding the market administration and settlements system for administering the wholesale electricity markets. 

The report, issued on November 21, 2014, covered the period of October 1, 2013 through September 30, 2014. During that time, a team from KPMG LLP visited the ISO two times, reviewed 64 control objectives, and tested over 250 control activities. For the 10th year in a row, ISO New England received an “unqualified opinion” from the independent auditor.

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Tuesday
Nov252014

Market participants: take note of system outages in effect December 2-3 for Energy Market Offer Flexibility launch

On Tuesday, December 2, 2014, ISO New England will begin deploying the system changes needed to launch the Energy Market Offer Flexibility (EMOF) project. Various systems will be unavailable from 2:00 p.m. on December 2 to as late as 3:00 a.m. on December 3.

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Tuesday
Nov252014

Monthly wholesale electricity prices and demand in New England

October wholesale power prices fell on low natural gas prices, slightly lower demand

Natural gas price volatility was highlighted by the drop in price from January to October, when the average monthly price fell to the fourth-lowest level in the last 11 years; by comparison, during January, the average prices of both natural gas and wholesale electricity were pushed up to their highest levels in 11 years by the combination of heavy demand for natural gas and pipeline constraints in New England. The average wholesale power price for October continued to track natural gas price trends, dropping to the sixth-lowest monthly average in 11 years.

Year-over-year, the average real-time price of wholesale power, at $30.64 per megawatt-hour (MWh)*  during October, fell 14.7% from the October 2013 price of $35.92/MWh. The price was also 15% lower than the average price of $36.04/MWh recording during September this year.

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Thursday
Nov202014

2014/2015 winter outlook: sufficient power supplies expected, but natural gas pipeline constraints a concern

Winter Reliability Program in place to help improve grid reliability

The New England region should have sufficient resources in place this winter to meet consumer demand for electricity; however, insufficient pipeline capacity to meet power generators’ demand for natural gas continues to be a particular concern during the winter months. The retirement of several non-natural-gas-fired power plants since last winter also is a concern. To address potential fuel-availability issues and to help protect system reliability during the cold winter weeks, ISO New England has for a second year developed a Winter Reliability Program.

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