Wednesday
Aug202014

Monthly wholesale electricity prices and demand in New England

Wholesale power prices dropped in July on lower demand and natural gas prices

The average prices for natural gas and wholesale electricity fell during July as mild mid-summer weather cooled off demand in New England. The real-time price of wholesale power, at $34.91 per megawatt-hour (MWh)*, was 8% lower than the June average price of $37.92/MWh, and 39% lower than the $57.12/MWh average price recorded during July 2013, when a week-long heat wave drove peak demand to 27,379 megawatts (MW), the fourth-highest on record. By contrast, demand peaked this July at 24,400 MW, and total energy consumption was 10% lower compared to July 2013.

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Wednesday
Aug202014

ISO New England continues engagement on Quadrennial Energy Review

QER stakeholder outreach process in final stages

The Institute of Electrical and Electronics Engineers (IEEE) is currently drafting a report on priority issues in the US Department of Energy’s (DOE) Quadrennial Energy Review (QER). Continuing ISO New England’s participation in the QER process, President and CEO Gordon van Welie sent a letter to IEEE’s QER Joint Task Force leads and William Hederman, DOE’s Deputy Director for Systems Integration and Senior Advisor to Energy Secretary Moniz, in response to IEEE’s draft report.

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Wednesday
Aug202014

Second-quarter markets report reviews market outcomes during April, May, and June 2014 

The Quarterly Markets Report prepared by the Internal Market Monitor concludes that market prices reflected the cost of providing energy and that New England’s wholesale energy market outcomes were competitive during the months of April, May, and June. The quarterly report provides information on market outcomes, system conditions, and market competitiveness.

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Friday
Aug152014

Webinar: FCM Reconfiguration Auction

Registration is open for the webinar, FCM Reconfiguration Auction, that will be held on Friday, September 5, 2014, from 1:30-3:30 p.m. This webinar will provide details on how the reconfiguration auction works, with focuses on binding local constraints and financial impacts. If you have any questions, please email the training team at MkTraining@iso-ne.com.

Friday
Aug082014

Redesigned iso-ne.com to launch Saturday, August 23

ISO New England is pleased to announce that the launch date of the new, redesigned iso-ne.com is Saturday, August 23. The cut-over from the old site to the new site will take place after 2 p.m., when the Day-Ahead Energy Market re-offer period closes. During the transition period, visitors to the ISO New England website may experience intermittent connectivity issues. Additionally, data publishing to the ISO website will be delayed until the cut-over is complete (all data will be published promptly after the site goes live). However, the cutover will not disrupt any other market participant software or applications—market participants will be able to access SMD, eMarket, MIS reports, etc., as usual.

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Tuesday
Aug052014

Webinar: Q3 2014 Settlements Issues Forum

Registration is open for the third quarter 2014 webinar, Quarterly Settlements Issues Forum, that will be held on September 10, 2014, from 10:00 a.m.–11:00 a.m. These quarterly interactive, web-based meetings cover upcoming changes affecting ISO New England settlements and billing and are open to interested market participants. If you have any questions, please email the training team at MkTraining@iso-ne.com.