Monthly wholesale electricity prices and demand in New England, September 2018

Wholesale power and natural gas prices rose in September

Increased consumer demand for electricity, coupled with higher natural gas prices, pushed up average wholesale power prices for the month of September 2018 in both the Day-Ahead and Real-Time Energy Markets when compared to the previous year. The day-ahead energy price was up 43.8% to $33.89 per megawatt-hour (MWh)* and the real-time energy price rose 56.5% to $41.17/MWh.

Hotter-than-anticipated weather, and the corresponding rise in consumer demand, combined with unplanned generator outages to produce capacity scarcity conditions in the region on Sept. 3, 2018. Hourly average real-time energy prices rose over $2,400/MWh during these conditions at the New England Hub, a reference price for electric energy in the region.

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Get ready to fall back to Eastern Standard Time  

New England will return to Eastern Standard Time (EST) on Sunday, November 4, 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.

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Generator Information System cost-exemption requests and renewals for 2019 due by November 19

Load assets lose their Generation Information System (GIS) exempt status at the end of year, thus, it’s that time of year again for owners or account holders of GIS Load Assets to request or renew exemptions from GIS Costs charges for the coming year. To request or renew an exemption for 2019 charges, Lead Asset Owners must complete the GIS Exemption Form and send to by close of business on November 19, 2018.

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Summer 2018: Air conditioners get a workout 

Operating the region’s power system changes with the seasons. New England is a summer-peaking system, but summer 2018 was marked by spells of hot and humid weather that drove consumer demand to peaks not seen in years and tested power system operations. Reliable grid operations were maintained throughout a summer that was bookended by holiday weather events: a heat wave in early July and an extremely hot and sticky Labor Day weekend.

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Eastern Interconnection Planning Collaborative completes report on the state of the Eastern Interconnection

The Eastern Interconnection Planning Collaborative (EIPC) has issued a report on the State of the Eastern Interconnection, the collection of power systems serving two-thirds of the US and Canada. The report describes the extensive coordinated planning undertaken by the collaborative’s 20 major transmission Planning Coordinators since 2009 to maintain the reliability of the bulk power grid throughout the Eastern Interconnection. Read the press release.

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ISO-NE speaks to veterans on regional fuel-security challenges; helping solve energy challenges can provide mission-driven service for vets

On September 27, Norm Sproehnle, ISO New England Manager of Outage Coordination and U.S. Navy veteran, discussed New England’s Fuel Security Challenge with approximately 25 people at the 2018 Veteran's Energy Seminar, held at Boston University. According to their website, “the Veteran's Energy Seminar is designed to inspire veterans to use their technical skills and knowledge to continue service to the country after they leave the military in a way that positively impacts our national security. The program is based on training by the U.S. Department of State which introduces Foreign Service Officers to the fundamentals of energy fuels, markets, and regional conflict.

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