Registration is open for this fall's customer training course curriculum, consisting of three classes: Introduction to Wholesale Electricity Markets (WEM 101), Forward Capacity Market (FCM 101), and Intermediate Wholesale Electricity Markets (WEM 201). For all three courses, the instructors are ISO New England subject matter experts. Descriptions and registration links for each class are provided below.
Today, ISO New England began accepting requests from resources to participate in the region’s 2014/2015 Winter Reliability Program (WRP). Forms are available on the ISO website. Completed electronic versions of the Request to Participate for the Oil Program, LNG Program, or Demand Response Program must be received by October 1, 2014. Dual Fuel Commissioning Request must be received by December 1, 2014. All requests must be submitted to Customer Service at email@example.com before the deadline. Learn more about the WRP.
ISO-NE and NEPOOL file proposal with FERC to implement a Winter Reliability Program for winter 2014/2015
On July 11, 2014, ISO New England and the New England Power Pool (NEPOOL) filed with the Federal Energy Regulatory Commission (FERC) a proposal to implement a revised Winter Reliability Program (WRP) for the upcoming winter (2014/2015). This past winter, the ISO implemented the first WRP, which helped to increase the amount of oil inventory held by oil and dual-fuel generators in the region. The program proved to be critical in keeping the lights on throughout colder-than-normal winter conditions. That first WRP was intended to be a one-time solution to bridge a reliability gap. However, ISO New England’s operational experience last winter and other developments have prompted the ISO and NEPOOL to seek approval of another program to mitigate significant reliability concerns for the upcoming winter.
Prices for natural gas and wholesale power continued to fall during June
The average prices for natural gas and wholesale electricity rose during June as the onset of warm summer weather raised demand in New England. The real-time price of wholesale power, at $37.92 per megawatt-hour (MWh)*, was 6.9% higher than the May average price of $35.46/MWh, though it was 4% lower than the $39.49/MWh average price recorded during June 2013.
Sandbox extension will give market participants additional time to complete updates to business processes
The "go-live" date for the new, redesigned iso-ne.com is now scheduled for mid-August instead of mid-July, as previously reported. In addition, ISO New England is extending the Sandbox test environment based on feedback received from stakeholders.
The Sandbox extension will allow extra time for market participants and others to become acclimated to the new site features and functionality, and for market participants’ IT programmers to update their processes for accessing data via the ISO New England website or via Web Services. The additional time will also enable ISO New England to complete internal testing of the new site to ensure a smooth site launch. A final cutover date will be announced in early August.
To learn more about the site redesign, see the ISO Newswire article, Coming this summer: a redesigned iso-ne.com!
ISO New England's External Market Monitor (EMM) has released its Annual Assessment of Electricity Markets in New England, which is an evaluation of the efficiency and competitiveness of New England’s wholesale electricity markets during 2013. The report, published in June 2014, provides a summary of 2013 market outcomes and assess the enhancements the ISO has made over the past year to help improve market operation and competitiveness.