Tuesday
Jul282015

Register now for fall 2015 market training classes

Summer is flying by, and fall is right on its heels. With the changing seasons comes the start of ISO New England’s remaining 2015 market training classes. Currently, there are three courses in the fall curriculum—WEM 101 in October and WEM 201 and FCM 101 in November.

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Friday
Jul172015

Divisional Accounting project is underway; here’s a summary of the implementation phases, plus instructional resources for market participants 

ISO New England launched the multi-year Divisional Accounting project to address requests from market participants to segregate settlement reporting by subaccounts so they can evaluate their positions by individual business unit, division, or generating facility. Financial assurance determination and billing/invoice will continue to be at the customer level (i.e., the aggregate of the subaccounts). Here’s a summary of the implementation phases as well as a comprehensive list of training materials, user guides, and other reference materials for market participants who elect to enable and use divisional accounting reporting.

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Thursday
Jul162015

ISO-NE and NEPOOL file alternative proposals for Winter Reliability Program

Building on the first and second Winter Reliability programs’ critical role in ensuring power system reliability through two difficult winters, ISO New England and the New England Power Pool (NEPOOL) filed alternative Winter Reliability Program (WRP) proposals with the Federal Energy Regulatory Commission (FERC) to address the region’s well-documented reliability challenges over the next three winters.

The proposals for winters 2015/2016, 2016/2017, and 2017/2018 are designed to carry the region through until 2018, when new resource performance incentives will go into effect that are expected to address the region’s reliability concerns.

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Wednesday
Jul152015

Wholesale electricity prices and demand in New England

Wholesale power and natural gas prices set new records in June, dropping to lowest monthly levels in 12 years

Mild weather, low demand, and the lowest average natural gas price since 2003 brought June’s wholesale power price to under $20 per megawatt-hour, by far the lowest monthly price in the 12 years New England has had competitive power markets in their current form. June’s average real-time electric energy price of $19.61/MWh was nearly half the June 2014 average price of $37.92/MWh and nearly 23% lower than the previous record-low average monthly price of $25.39/MWh, recorded during March 2012.

Matthew White, chief economist at ISO New England, said the explanation for such low power prices is simple. “It’s supply and demand. With June’s mild weather, demand for natural gas and electricity were both low, and the pipeline capacity was available to deliver a plentiful supply of exceptionally low-priced natural gas to generators in New England. Seasonal demand for natural gas has abated, and New England is able to access that low-cost supply because we aren’t seeing winter’s recurring pipeline constraints.

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Friday
Jul102015

Regional transmission investment: summer 2015 update

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

The ISO recently published the June 2015 update to the Regional System Plan (RSP) Project List, which details Pool Transmission Facility (PTF) projects needed to ensure reliability in New England. The report listed 13 new projects and 25 projects placed into service since the March 2015 update, including 13 completed for the Maine Power Reliability Program (MPRP).

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Thursday
Jul092015

Synchrophasor technology data helping to ensure grid reliability through early detection of risk

ISO-NE shares real-world example of how advanced system monitoring benefitted both the power grid and a regional power plant

On June 30, ISO New England wrapped up the two-year observation phase of the Synchrophasor Infrastructure and Data Utilization (SIDU) project. The project was a major smart-grid initiative to deploy synchrophasor technology in collaboration with regional transmission owners and with a grant from the US Department of Energy. Synchrophasor technology uses phasor measurement units (PMUs) to measure power grid voltage, current, frequency, and phase angle at 30 times per second. These measurements are time-synchronized to global positioning system (GPS) satellites.

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