Tuesday
Jul172018

Heat wave recap: Reliable operations through holiday heat & humidity

Power system operates smoothly during the June 29-July 5 heat wave

Fireworks weren’t the only things ablaze during the Independence Day holiday week–temperatures surged throughout New England as well, causing high demand for air conditioning and, consequently, the electricity that powers it.

Despite the unusually hot, humid conditions during the June 29 – July 5 heat wave, the timing of the holiday, coastal breezes, and abundant solar power kept electricity demand in check. With a peak of around 24,000 MW, ISO New England’s system operators were able to rely on a high-performing fleet of resources to keep the grid running smoothly and reliably throughout the heat wave.

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Tuesday
Jul172018

Spring 2018 markets report reviews wholesale market outcomes during March, April, and May 2018 

The Spring 2018 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for the three-month period from March 1 through May 31, 2018.

The Spring 2018 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.87 billion, up 45% over the market value of $1.29 billion during the spring of 2017. The value of the energy market was $1.06 billion, a 10% increase over spring 2017 costs. The increase was driven by higher natural gas prices, which increased 8% year-over-year. The higher total cost of the wholesale markets was also affected by higher Forward Capacity Market prices, up $479 million to total $767 million for the period.

The average day-ahead and real-time wholesale energy prices were $34.69 per megawatt-hour (MWh) and $33.27/MWh, respectively. The day-ahead average was 13% higher than the previous spring’s $30.78/MWh, while the real-time average price was 4% higher than the spring 2017 real-time average of $31.92. The year-over-year increase was driven by natural gas prices that were 8% higher, averaging $3.84 per million British thermal units (MMBtu) compared to the $3.55/MMBtu average price during the previous spring. The capacity price for the period from June 1, 2017, through the spring quarter ending on May 31, 2018, rose due to a system-wide capacity deficiency after a wave of retirements.

Thursday
Jul122018

Registration is open for fall 2018 market training courses

ISO New England is pleased to announce that registration is open for fall 2018 market training classes, WEM 101, WEM 201, and FCM 101. All three courses will be held at The Hotel Northampton; each course requires attendance at all days for completion.

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Thursday
Jul052018

Web-based training: Composite offers in the Forward Capacity Market

This web-based training provides an overview of how offers composed of separate resource information are used and submitted in the Forward Capacity Market (FCM). Approximate viewing time is 18 minutes. The preferred browsers for viewing this training are Internet Explorer or Firefox. Email the training team with questions at MkTraining@iso-ne.com.

Wednesday
Jun202018

Get go-ing with the latest ISO to Go update

Our revamped mobile app makes it even easier to stay up-to-date on the region’s power system and wholesale electricity markets

June 21 marks the first official day of summer, and ISO to Go has all the wholesale energy info you'll need on the hottest days of the season! Today ISO New England is proud to introduce ISO to Go 2.0, our latest mobile app update for smart phones and tablets. Equipped with past, present, and future details about the regional power grid, its energy resources, and wholesale electricity prices, ISO to Go 2.0 provides all the facts and figures necessary for keeping up with New England’s ever-changing power grid.

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Wednesday
Jun202018

Regional transmission investment: Summer 2018 update

775 projects put into service since 2002 to fortify New England’s transmission system

The ISO recently published the June 2018 update to the Regional System Plan (RSP) Project List, which details Pool Transmission Facility (PTF) projects needed to ensure reliability in New England. Since the March 2018 update, 7 upgrades were placed in service and no new projects were added. Since 2002, a cumulative total of 775 project components representing an investment of $10.56 billion have been placed into service to help ensure that New England’s transmission system continues to reliably and efficiently move wholesale electricity across the region.

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