The ISO received Federal Energy Regulatory Commission (FERC) approval in 2012 for market rules to fully integrate DR into the region’s day-ahead and real-time energy markets, and for rules for a transitional program to allow DR to participate in those markets from 2012 until full integration is implemented on June 1, 2017. The effort to fully integrate DR into the energy markets is in compliance with FERC’s Order 745, Final Rule on Demand Response Compensation in Organized Wholesale Energy Markets. Order 745 required competitive markets to pay the full wholesale clearing price to demand-response resources participating in energy markets administered by independent system operators and regional transmission organizations in the US.
The recording of the October 16, 2014, FCM Reconfiguration Auctions and CSO Bilateral Contracts webinar is now available in ISO-TEN. You may also access it via the ISO New England website at Participate > Training > Training Materials [Document Title: FCM Reconfiguration Auctions and CSO Bilateral Contracts Recording]. This webinar reviewed the qualification, process, and schedule for the annual and monthly reconfiguration auctions. It also covered capacity supply obligation (CSO) bilaterals. Please email MkTraining@iso-ne.com with any questions.
Registration is open for the fourth quarter 2014 webinar, Quarterly Settlements Issues Forum, that will be held on Thursday, December 11, 2014, from 10:00-11:00 a.m. The web conference covers both delayed and upcoming market changes affecting ISO New England settlements and billing, and is open to interested market participants. Please email the training team with questions at MkTraining@iso-ne.com.
New England will return to Eastern Standard Time (EST) on Sunday, November 2, when at 2:00 a.m., clocks must be set back one hour to 1:00 a.m. Each of the ISO's market applications is unique and will function differently during this transition. Here are the things market participants need to know to prepare.
September wholesale power prices followed natural gas prices
With natural gas prices rising in September by about 21% from August levels, the average wholesale power price in New England rose about 19% during September. The real-time price of wholesale power, at $36.04 per megawatt-hour (MWh)*, declined by less than 1 percent from the $36.26/MWh average price recorded during September 2013, but was 19.3% higher than the August average price of $30.21/MWh.
Market participants can test download capability for day-ahead market results in hourly offers sandbox this week
This week, market participants will be able to test their systems’ capability to download Day-Ahead Energy Market results in the eMarket sandbox for the Energy Market Offer Flexibility project.