Thursday
Feb282019

Finalized capacity auction results confirm FCA #13 procured sufficient resources, at a lower price, for 2022–2023

Finalized results from the 13th Forward Capacity Auction (FCA #13) confirm that the auction concluded with sufficient resources to meet electricity demand in 2022–2023, at the lowest price in six years. The auction was the first run under the Competitive Auctions with Sponsored Policy Resources (CASPR) rules, which include a substitution auction where resources interested in retiring can trade their capacity supply obligation to new state-sponsored resources that didn’t clear in the primary auction. ISO New England filed the results with the Federal Energy Regulatory Commission (FERC) on February 28. The FERC filing includes a list of resources that have an obligation to be available in that capacity commitment period. Read the press release.

Thursday
Feb282019

Now online: Presentations and recordings of FCM Show of Interest webinars

The presentations and recordings of the February 27, 2019, FCM Show of Interest for New Demand Capacity Resources and FCM Show of Interest for New Generation and Imports webinars are now available on the ISO New England website. These webinars inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the fourteenth Forward Capacity Auction (FCA #14) to be held in February 2020 for the 2023-2024 Capacity Commitment Period. The Market Rule requires qualification of new demand resources as well as new generation and import resources prior to participation in a Forward Capacity Auction. The focus of this training is on how and when to submit the SOI and the information required for FCA qualification. Email the training team with questions at MkTraining@iso-ne.com.

Thursday
Feb282019

Now online: Presentation and recording of Continuous Storage Facility Participation webinar

The presentation and recording of the February 21, 2019, Continuous Storage Facility Participation webinar are now available on the ISO website. This webinar provides information on how eligible electric storage can participate in New England markets as continuous storage facilities following the April 1, 2019, implementation of the Energy Storage Device (ESD) Project. An overview of the continuous storage facility (CSF) option, asset registration, managing CSF assets, and bids and offers in eMarket, and settlement impacts is discussed. Email the training team with questions at MkTraining@iso-ne.com.

Tuesday
Feb262019

Monthly wholesale electricity prices and demand in New England, January 2019

Wholesale power and natural gas prices fell in January

With no extended, extreme cold weather in January 2019, natural gas prices fell by more than half compared to the January 2018 price, which was driven up by a week of extreme cold. The drop in natural gas prices during January this year, as well as lower demand for electricity, pulled the average wholesale power price for the month down by 48% in the Day-Ahead Energy Market and 52% in the Real-Time Energy Market when compared to the previous year. The day-ahead energy price was $56.76 per megawatt-hour (MWh)* and the real-time energy price was $51.50/MWh in January.

Click to read more ...

Tuesday
Feb262019

FERC accepts energy storage tariff revisions; changes become effective April 1

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s revisions to Market Rule 1 that codify a new design that enables batteries and other emerging storage technologies to more fully participate in the New England wholesale electricity markets. The revisions allow emerging storage technologies to be dispatched in the Real-Time Energy Market in a manner that more fully recognizes their ability to transition continuously and rapidly between a charging state and a discharging state and provides a means for their simultaneous participation in the energy, reserves, and regulation markets.

Changes become effective April 1, 2019. Market participants can view the Energy Storage Device (ESD) Project Customer Readiness Page to the learn more about actions they need to take and changes to existing systems or procedures related to this project.

Still pending before the Commission is a separate filing the ISO submitted in December that demonstrates full compliance with FERC Order No. 841 on electric storage participation in markets.

Thursday
Feb212019

Now online: Presentation and recording of FCM New Capacity Offer Price Development webinar

The presentation and recording of the February 14, 2019, FCM New Capacity Offer Price Development webinar are now available on the ISO New England website. This webinar provides market participants with information about the formulation of a new resource offer floor price and completing the cost workbook to support that price. The training is for new capacity resources, including generating resources, import capacity resources, demand resources, distributed generation, and energy storage resources. Email the training team with questions at MkTraining@iso-ne.com.