Monday
Sep182017

Now online: Presentation and recording of Q3 Settlements Issues Forum webinar

The presentation and recording of the September 7, 2017, Quarterly Settlements Forum (Settlements Forum: 2017 Q3) webinar are now available on the ISO New England website. This quarterly webinar includes information on upcoming changes affecting ISO New England settlements and billing. Main topics for this session are subhourly settlement of the Regulation Market, price responsive demand, and pay for performance in the Forward Capacity Market Questions? Email the training team at MkTraining@iso-ne.com.

Thursday
Sep142017

ISO-NE elects slate of board members

Brook Colangelo Joins; Christopher Wilson and Roberto Denis Re-elected

ISO New England’s board of directors has elected Brook Colangelo and re-elected Roberto Denis and Christopher Wilson to new three-year terms, effective October 1, 2017. Colangelo will replace Paul Levy, who is retiring from the board. ISO board members are elected through a joint nominating process involving the board, market participants, and state regulators. View the press release.

Wednesday
Sep132017

ISO-NE, NEPOOL, and PTO AC make joint filing regarding the interconnection clustering methodology 

ISO New England, jointly with the New England Power Pool Participants Committee and the Participating Transmission Owners Administrative Committee, has filed proposed tariff changes to incorporate a new clustering methodology in the ISO’s interconnection procedures. When specific conditions are present in the ISO’s interconnection queue, the proposed methodology would allow two or more interconnection requests to be analyzed in the same System Impact Study and for developers to share costs for certain interconnection-related transmission upgrades. Typically, each individual interconnection request involves complex and often lengthy engineering studies to identify the necessary system upgrades to accommodate the proposed resource. Therefore at times, individual interconnection projects are not able or willing to make the necessary system upgrade investments. 

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Wednesday
Sep132017

Upcoming webinar: Forward Capacity Market Reconfiguration Auctions

Registration is open for the webinar, Forward Capacity Market Reconfiguration Auctions, that will be held on October 12, 2017, from 2:00 to 3:30 p.m. This webinar will provide a review of the qualification and submission processes as well as the schedule for the 3rd Annual Reconfiguration Auction and associated bilateral period for Capacity Commitment Period 2018-2019. Questions? Email the customer training team at MkTraining@iso-ne.com.

Wednesday
Aug302017

Spring 2017 markets report reviews wholesale market outcomes during March, April, and May 2017 

The Spring 2017 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, 2017.

The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.3 billion, up 26% compared to the market value of $1.0 billion during the spring of 2016. The average day-ahead wholesale energy price was $30.78 per megawatt-hour (MWh), up 32% over the average day-ahead price during spring 2016, while the real-time price was $31.92/MWh, 44% higher than the average real-time price during the previous spring. The year-over-year increase was driven by natural gas prices that were 54% higher, averaging $3.59 per million British thermal units (MMBtu) compared to the $2.33/MMBtu average price during the previous spring. Unseasonably cold temperatures during March 2017 compared with March 2016 drove most of the year-over-year increase in quarterly average prices. In March 2017, natural gas averaged $4.46/MMBtu, a 127% increase over the historically low natural gas prices seen during the previous March.

Wednesday
Aug302017

Wholesale electricity prices and demand in New England, July 2017

July’s average wholesale electricity price dropped year-over-year, tracking a decline in natural gas prices

Natural gas and wholesale electricity prices both dropped almost 10% in July compared to the prices seen during July 2016. The average wholesale power price during July was $26.62 per megawatt-hour (MWh)*, down 9.3% from the July 2016 average of $29.33/MWh, while the average monthly price of natural gas was down 9.4% during July.

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