Thursday
Jul282016

New resource retirement rules in effect for region’s capacity market

July 28 update to article originally posted April 14: Information added below on the materiality threshold accepted by the Federal Energy Regulatory Commission on July 27, plus a link added to FCM Participation Guide instructions on submitting retirement delist bids.

On April 12, the Federal Energy Regulatory Commission (FERC) accepted ISO New England’s proposed changes to the way power resources can exit the Forward Capacity Market. (Read the FERC order.) These ISO retirement reforms will improve the economic efficiency of the capacity market and further reduce the potential for market power issues. The changes are effective March 1 so they apply to the next Forward Capacity Auction (FCA) to be held February 2017.

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Thursday
Jul282016

Register today for the Q3 Settlements Issues Forum webinar

Registration is open for the Q3 Quarterly Settlements Issues Forum webinar that will be held on September 8, from 10:00-11:00 a.m. This quarterly webinar will include information on upcoming changes affecting ISO New England settlements and billing, and is open to interested market participants. Topics include subhourly settlements, fast start pricing and dispatch, dispatchable-asset-related demand (DARD) pump parameter changes, divisional accounting update, and ISO New England website. Questions? Email the training team at MkTraining@iso-ne.com.

Monday
Jul182016

Wholesale electricity prices and demand in New England, June 2016

June’s average price of electricity was the third-lowest since 2003

June’s low average monthly power price of $21.24 per megawatt-hour (MWh)* was the third-lowest price since 2003, edging out May, which held the third-lowest spot for only a month. The average monthly price of natural gas in New England was the sixth-lowest of any month since 2003, when New England’s current wholesale electricity markets were launched. Total energy consumption during June was at the second-lowest level of any June since 2000, likely due to continued mild weather.

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Wednesday
Jul132016

Plan ahead! Registration now open for fall WEM and FCM customer training classes

Once again, summer is flying by with fall not far behind and with it comes the start of ISO New England’s remaining 2016 training classes. We are offering three courses in the 2016 fall curriculum. A description and registration link for each class are provided below. You may also register by going directly to ISO New England’s Training & Events Network (ISO-TEN). These classes tend to fill up quickly so, if you are interested in attending, register now! Questions? Email the customer training team at MkTraining@iso-ne.com.

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Monday
Jul112016

FERC OKs enhanced system-wide and zonal demand curves for Forward Capacity Auction

New sloping curves more effectively balance reliability and economics in establishing capacity commitments

On June 28, 2016, the Federal Energy Regulatory Commission (FERC) issued an order accepting the joint proposal by ISO New England and the New England Power Pool (NEPOOL) to implement enhanced system-wide and zonal demand curves for the Forward Capacity Market (FCM), beginning with the eleventh Forward Capacity Auction in 2017. As part of the accepted proposal, a transition mechanism will reduce potential abrupt changes resulting from the new curves. The ISO and NEPOOL submitted the proposal on April 15, 2016.

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Wednesday
Jul062016

Simplify, simplify, simplify: Here’s a quicker way to select locations when downloading pricing data from ISO Express

ISO New England is continuously updating its website to increase ease of use for stakeholders. Based on market participant feedback, we have updated our selectable reports so that a user can now simply type in the location number for a pnode, Hub, load zone, or interface instead of searching for it.

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