Wednesday
Mar012017

Now online: Recording of Offer Price Development for New Capacity Resources webinar

The presentation and recording of the February 16 webinar, FCM New Capacity Offer Price Development, are now available on the ISO New England website. This webinar provides market participants with information about the formulation of a new (generating or import capacity) 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, and distributed generation. Email the training team with questions at MkTraining@iso-ne.com.

 

Wednesday
Mar012017

The New England states have an ongoing framework for reducing greenhouse gas emissions

Here’s a rundown of regional and state goals

While much attention is given nationally to the topic of climate change, the six New England states have been working for more than 15 years to reduce Greenhouse Gas (GHG) emissions on both a regional and state level. The states are addressing climate policy through both legislative mandates and aspirational, non-binding goals.

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Tuesday
Feb282017

Finalized capacity auction results confirm FCA #11 procured sufficient resources, at a lower price, for 2020–2021

Finalized results from the 11th Forward Capacity Auction (FCA #11) confirm that the February 6 auction concluded at a lower price than the previous three annual auctions and with sufficient resources to meet electricity demand in 2020–2021. 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.

Monday
Feb272017

New England’s wholesale electricity prices in 2016 lowest since 2003  

Last year’s wholesale electricity prices were the lowest in 13 years due to low natural gas prices and mild weather that dampened demand. The total value of New England’s wholesale electricity market in 2016 was $4.1 billion, $1.1 billion less than the $5.2 billion value for wholesale electricity in 2012, the previous year with the lowest market value. The average annual wholesale power price in New England last year was $28.94 per megawatt-hour. For more information, read the press release.

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Monday
Feb272017

Now online: Recording of FCA #12 Show of Interest webinar for new generation, imports, DR

The presentation and recording of the February 22 webinar, New Generation and Imports Show of Interest for FCA #12, and the presentation and recording of the February 23 webinar, FCM Show of Interest for New Demand Resources, are now available on the ISO New England website.The webinars inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the twelfth Forward Capacity Auction (FCA #12) to be held in February 2018 for the 2021-2022 Capacity Commitment Period. The trainings focus on how and when to submit the SOI and the information required for Forward Capacity Auction qualification. Email the training team with questions at MkTraining@iso-ne.com

Friday
Feb242017

Monthly wholesale electricity prices and demand in New England, January 2017

January’s average price of electricity rose on higher natural gas prices

The average price of natural gas rose 14% during January 2017, pushing up the wholesale power price in New England by 8%, to $36.66 per megawatt-hour (MWh)*, from the January 2016 price of $33.99/MWh.

The smaller percentage increase in wholesale power prices compared to the natural gas increase was due to lower demand, as well as changes in the fuel mix in January. Total energy consumption in New England declined by 3% in January, compared to the previous January. Nuclear output was lower in January 2016, by about 200 gigawatt-hours (GWh) or 7.6% to 2,988 GWh, likely requiring the use of higher-priced resources. And output from low-priced wind resources was higher in January 2017, up by 48 GWh or 20% to 298 GWh, likely displacing some higher-priced resources.

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