Wednesday
Jan312018

Registration is open for spring 2018 market training courses

ISO New England is pleased to announce that registration is open for spring 2018 market training classes. These courses will be held at The Hotel Northampton on March 19-23 (WEM 101) and May 15-17 (WEM 201).

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Wednesday
Jan312018

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

Energy market transactions in December totaled $856 million, with nearly half incurred in the last week

Extreme cold weather at the end of December caused the average price of natural gas to rise more than 40% for the month, pushing the price of wholesale power up nearly 50% higher than the wholesale power price in December 2016. A cold snap that began December 26 pushed up demand for both natural gas and electricity, raising prices and resulting in a total energy market value of $856 million for the month. The bulk of that energy market value came in the last week of the month, during the cold snap, when the energy market value was $395.6 million for just one week.

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Tuesday
Jan302018

The benefits of competitive markets: Boston Business Journal publishes opinion piece by ISO-NE CEO

An opinion piece by Gordon van Welie, president and CEO of ISO New England, appeared in January in the Boston Business Journal. “Viewpoint: Competitive electricity markets have transformed New England’s power grid” outlines the transformation of the regional power grid that has been accomplished by 20 years of competitive wholesale electricity markets. The op-ed notes that competition sends economic signals that encourage investment in power plants, transmission, and new technologies, and the markets have shifted investment risks from ratepayers to investors. “The result has been wholesale power prices that accurately reflect the cost of producing power, and a more reliable, cleaner power grid.” (A subscription to the journal may be required to access the article).

Thursday
Jan252018

Upcoming webinar: Q1 Settlements Issues Forum

Registration is open for the Quarterly Settlements Forum webinar that will be held on March  8, 2018, from 10:00 - 11:00 a.m. The webinar presents information on ISO New England settlements and billing, including the following topics: performance incentives in the Forward Capacity Market and price responsive demand. Questions? Email the training team at MkTraining@iso-ne.com.
Wednesday
Jan242018

FERC accepts capacity requirements for 2021/2022

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) value of 33,725 megawatts (MW) to be used in the 12th Forward Capacity Market auction (FCA #12), which commences February 5, 2018. The ICR is the amount of capacity (generation, demand-side resources, and imports) the ISO has determined needs to be available in 2021/2022 to meet the region’s projected peak demand, plus required reserves. The ICR value is calculated using reliability requirements based on the probability of disconnecting load due to a resource deficiency (also referred to as Loss of Load Expectation or LOLE) no more than once every 10 years (1-in-10). 

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Wednesday
Jan242018

ISO-NE CEO testifies before Senate Energy Committee; highlights cold weather operations and ISO’s Operational Fuel Security Analysis

On January 23, ISO New England President & CEO Gordon van Welie testified before the Senate Committee on Energy & Natural Resources (ENR) to discuss bulk power system operations during the recent cold weather period and the ISO’s Operational Fuel-Security Analysis.

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