Thursday
Nov202014

2014/2015 winter outlook: sufficient power supplies expected, but natural gas pipeline constraints a concern

Winter Reliability Program in place to help improve grid reliability

The New England region should have sufficient resources in place this winter to meet consumer demand for electricity; however, insufficient pipeline capacity to meet power generators’ demand for natural gas continues to be a particular concern during the winter months. The retirement of several non-natural-gas-fired power plants since last winter also is a concern. To address potential fuel-availability issues and to help protect system reliability during the cold winter weeks, ISO New England has for a second year developed a Winter Reliability Program.

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Friday
Nov142014

Implementation of hourly energy market offers to bring changes to NCPC determination and settlement

ISO-NE offers resources to help market participants prepare for December 3

The Energy Market Offer Flexibility Project is a major revision to the ISO’s energy market systems that will allow resource owners to submit energy supply offers that vary by hour in the day-ahead market, change energy supply offers in real time, and submit negative offers as low as -$150/megawatt-hour.

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Friday
Nov142014

ISO on the Road: VP Anne George presents on natural gas dependency, prices, and winter reliability issues

On November 12, 2014, Anne George, Vice President of External Affairs and Corporate Communications, delivered a presentation on winter operations and impacts on wholesale electricity prices at the Connecticut Power and Energy Society (CPES) dinner meeting in Cromwell, Connecticut. She was joined by Michael Corretto, Vice President of Regulatory Affairs for UIL Holdings Corporation, and Taff Schamler, Chief Operating Officer for North American Power. George discussed the region’s dependence on natural gas for power generation and the challenges ISO New England faced last winter during colder-than-normal weather conditions. Because of natural gas pipeline constraints, New England experienced sustained high natural gas prices and, in turn, sustained high wholesale electricity prices. She explained that oil-fired generators were vitally important to reliability last winter, particularly given the difficulties securing mid-winter replenishments of oil inventories. George also provided an update on the 2014-2015 Winter Reliability Program and other market enhancements to be implemented in time for this winter. George’s presentation set the stage for the other two panelists, who discussed last winter’s impacts on electric distribution companies, competitive suppliers and, ultimately, retail electric rates. Read the related article, How wholesale electricity costs factor into your retail bill.

Friday
Nov142014

Third-quarter markets report reviews market outcomes during July, August, and September 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 July, August, and September. The quarterly report provides information on market outcomes, system conditions, and market competitiveness.

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Friday
Nov142014

How wholesale electricity costs factor into your retail bill

Limited natural gas availability is driving up wholesale electricity prices and ultimately retail prices

Every month, consumers across New England receive an electric bill from their local utility that includes charges associated with keeping the lights on. A typical residential electric bill generally includes two types of charges: the cost of delivering power and the cost of power itself.

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Thursday
Nov062014

ISO-NE publishes annual regional system planning document

Today, ISO New England issued its 14th annual Regional System Plan—a comprehensive report that outlines transmission upgrades and market responses, such as generation or demand response, that can address identified power grid reliability needs. The 2014 Regional System Plan is the culmination of a year-long process with industry representatives and other stakeholders to analyze power system needs and solutions for the 10-year planning period through 2023. The document also summarizes power system infrastructure development, current issues facing the region, and ISO New England and regional initiatives underway.

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