Friday
Feb272015

Hot off the press: 2015 Regional Electricity Outlook, Wholesale Markets Project Plan, Regional System Plan

ISO New England has published a set of documents that provide a comprehensive overview of the evolving issues affecting the future of New England’s power system and the actions underway to ensure continued reliability.

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Friday
Feb272015

Finalized FCA #9 results filed with FERC

Auction attracts investment in new resources needed to help address New England’s resource shortage

ISO New England filed finalized results of the ninth Forward Capacity Market auction, held February 2, 2015, at the Federal Energy Regulatory Commission on February 27, 2015. The finalized results confirm that the auction procured sufficient resources to meet projected demand for power in most of New England in 2018-2019, except for a resource shortfall in Southeastern Massachusetts and Rhode Island.

The annual auction to acquire the power system resources needed to meet future demand also procured more than 1,400 megawatts of new resources needed to help replace generators that have recently retired or will retire in the next few years. Read the February 27 press release about finalized auction results; also see the February 4 press release, which describes the auction outcomes in greater detail.

Thursday
Feb262015

Next Consumer Liaison Group meeting set for March 13

Registration is open for the next meeting of the Consumer Liaison Group (CLG) on March 13, 2015, in Vermont. The meeting will focus on the Vermont and New England energy marketplace, particularly issues relating to grid modernization, supply diversification, and pricing. The panel, moderated by Meredith Angwin, Director of the Energy Education Project for the Ethan Allen Institute, will include Asa Hopkins, Ph.D., Director of Planning and Energy Resources for the Vermont Department of Public Service; Douglas Smith, Director of Power Supply for Green Mountain Power; John Goodrich, Vice President of Manufacturing, Power Operations, for Weidmann Electrical Technology, Inc.; and William Driscoll, Vice President of the Associated Industries of Vermont. The panel will be followed by an update from ISO New England.

Thursday
Feb262015

Wholesale electricity prices and demand in New England

January 2015 average natural gas price was significantly lower than the January 2014 price, bringing down the wholesale power price by more than half

The average wholesale electric energy price in New England in January 2015 was 60% lower than the record-high average price recorded in January 2014; the decline was driven largely by natural gas prices that dropped by 61% compared to the average prices recorded during January 2014. The average New England temperature was half-a-degree colder than January 2014 and January’s total electricity usage and peak demand were slightly lower compared to January 2014, though heating degree days* were slightly higher last month.

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Friday
Feb202015

Implementation of new Regulation Market to bring changes to settlements and MIS reporting 

ISO-NE offers resources to help market participants prepare

ISO New England will be implementing changes to the Regulation Market on March 31, 2015. The changes comply with Federal Energy Regulatory Commission (FERC) Order No. 755, Frequency Regulation Compensation in Organized Wholesale Power Markets, which requires a two-part payment methodology to select and compensate frequency regulation resources.

Major settlement-related market changes include the following:

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Thursday
Feb192015

Daylight Saving Time springs ahead soon

Daylight Saving Time takes effect on March 8, 2015. Market participants will need to make adjustments in working with market applications for that day.

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