SPI News: Day-Ahead Energy Market timeline changes go into effect May 23 for May 24 operating day

A major goal of the Strategic Planning Initiative, the market change is an important step for region

On April 25, the Federal Energy Regulatory Commission (FERC) issued an order approving acceleration of the daily schedule for bidding in and clearing New England’s Day-Ahead Energy Market. The market changes go into effect May 23 for operating day May 24, 2013.

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President Obama’s second-term energy picks move ahead

In the few first weeks of his second term, US President Barack Obama nominated a pair of experts with significant New England ties to fill critical energy- and electricity-related roles in his cabinet.

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ISO-NE/NYISO conference spotlights grid changes underway, associated challenges, and need for collaboration among industry sectors

It was a packed house at the joint ISO New England and New York ISO Energy Conference, “Navigating Change,” held on May 9 and 10 in Boston. More than 300 people attended the event to hear from industry experts and leading policymakers about the ongoing transformation in the electricity industry, and how the industry should respond and navigate through this period of rapid change.

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Web conference: Q2 2013 Settlements Issues Forum

ISO New England's Quarterly Settlements Issues Forum for second quarter 2013 will be held June 12, from 1:00-2:00 p.m. The web conference covers upcoming changes affecting settlements and billing and is open to interested market participants. Register today.

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

Now online: ISO-NE’s annual financial report

ISO New England's 2012 Financial Report includes the company’s audited financial statements preceded by a discussion and analysis of last year's operations and impacts on our financial position. You can find it at iso-ne.com under About ISO-NE > Financials > Financial Statements.

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Annual Markets Report: New England’s wholesale electricity markets were competitive in 2012

The average wholesale electric energy price dropped by 23% last year, according to the 2012 Annual Markets Report by the Internal Market Monitor of ISO New England. The report concludes that the lower price of natural gas and slightly lower demand brought down the average price in efficient and competitive wholesale electricity markets. The average price of natural gas, which generates more than half the electricity produced in New England, declined 20% last year. The all-in cost of wholesale electricity—including energy, capacity, and ancillary services—dropped 20%. The report assesses the state of competition in the region’s wholesale electricity markets and provides details about market outcomes.

View the press release and full report.