Wednesday
May312017

Beating the heat: how ISO-NE prepares for the dog days of summer

Once the region rounds the bend on winter, ISO New England begins preparing to operate the region’s power grid during the hot, humid summer months. The days of highest electricity use occur during the summer in New England when warmer weather leads to increased use of energy-intensive air conditioning, creating complex challenges for the grid operator. With a toolbox of procedures, processes, and expertise in place to ensure reliability of the bulk power grid, the ISO is capable of dealing with the wide variety of situations that can arise when demand for power is peaking.

Click to read more ...

Wednesday
May312017

ISO-NE’s wholesale electricity and capacity markets were competitive in 2016

The 2016 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2016. The report found that the average price for wholesale electricity was the lowest since 2003, driven by very low natural gas prices and unusually mild weather in the first quarter of 2016. The average wholesale price for electric energy was $28.94 per megawatt-hour, and the total value of the region’s energy market was $4.1 billion. View the report.

Tuesday
May232017

Wholesale electricity prices and demand in New England, April 2017

Rising natural gas prices caused wholesale electricity prices to increase during April

Natural gas prices in April were nearly 10% higher than during the previous April in New England, pushing up the average wholesale power price to $31.51 per megawatt-hour (MWh)*, a 12.6% increase compared to the April 2016 average price of $28.00/MWh. For a month-to-month comparison, the April power price was 9.5% lower than the March average price of $34.81.

Click to read more ...

Monday
May222017

Update on ISO-NE study of fuel security challenges

ISO New England is conducting a study of fuel security challenges to the continued reliability of New England’s power system. In this context, fuel security refers to the ability of power plants to have or obtain the fuel required to generate electricity, especially during the winter peak season.

The study is examining more than a dozen scenarios of generating resource and fuel-mix combinations and will quantify each scenario’s fuel security risk—that is, the number and duration of energy shortfalls that would require implementation of emergency procedures to maintain reliability during the entire winter period in 2025. The study is not focused on the effects of expanded access to natural gas from the region’s pipeline network. The study is still underway, with completion expected by the end of October, 2017.

Read the full update.

Monday
May152017

FCM Participation Guide: now with info on price-responsive demand, automatic matching of new qualified capacity, and more

In continuing efforts to offer more user-friendly guidance for participants in the region’s Forward Capacity Market (FCM), ISO New England is pleased to announce another revision of its FCM Participation Guide.

Information and guidance has been added on the following topics of interest to new resources:

Click to read more ...

Thursday
May112017

Now online: Presentations and recordings of FCM new capacity qualification for DR, generation, and imports webinars

The presentation and recording of the May 2, 2017, FCM New Capacity Qualification for Demand Resources webinar are now available on the ISO New England website. Scroll down and click on the link of choice. This webinar reviews the requirements associated with the submittal of the New Capacity Qualification Package for demand resource projects requesting participation in the Forward Capacity Auction for the 2021-2022 Capacity Commitment Period (FCA #12).

The presentation and recording of the May 3, 2017, FCM New Capacity Qualification for Generating and Import Resources webinar are now available on the ISO New England website. Scroll down and click on the link of choice. This webinar reviews the requirements associated with the submittal of the New Capacity Qualification Package for generating and import capacity resource projects requesting participation in the Forward Capacity Auction for the 2021-2022 Capacity Commitment Period (FCA #12). It also includes a segment on import capacity resources with Elective Transmission Upgrades (ETU).

For related information on FCM qualification and energy storage resources, view the New Capacity Qualification for Energy Storage Resources presentation and recording.