Friday
Aug162019

Now available: Financial Assurance Requirements for FTR and Virtual Transactions self-paced training

The updated Financial Assurance Requirements for FTR and Virtual Transactions self-paced training is now available on the ISO New England website. This training provides a detailed explanation on the calculation of a participant's Financial Transmission Rights financial assurance and virtual transaction requirements within the ISO market. Viewing time is 24 minutes. Note: Internet Explorer or Firefox should be used to view this training. Email the market training team with questions at MkTraining@iso-ne.com.

Tuesday
Aug132019

Now online: New England External Transaction Tool User Interface webinar materials

 The presentation and recording of the July 30, 2019, New England External Transaction Tool User Interface webinar are now available on the ISO New England website. This webinar reviews the redesigned user interface associated with the New England External Transaction Tool that replaces Enhanced Energy Scheduling (EES), the current external transaction software. The target audience is EES users. Email the market training team with questions at MkTraining@iso-ne.com.

Monday
Jul292019

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

Real-time prices fell in June were lowest sixth-lowest monthly average

Average wholesale power prices in June 2019 were down 13.8% in the Real-Time Energy Market when compared to the previous year, falling to $22.43 per megawatt-hour (MWh)*- the sixth-lowest average since March 2003. Prices were also down by 17.6% in the Day-Ahead Energy Market when compared to June 2019, averaging $22.09/MWh.

Click to read more ...

Monday
Jul292019

Download the latest edition of ISO-NE’s Wholesale Markets Project Plan

The summer release of the 2019 Wholesale Markets Project Plan (WMPP) is now available on the ISO’s website. The WMPP describes the current status of market initiatives and is published biannually in summer and winter. The report allows readers to follow the progress of market projects, including each project’s: estimated start of the stakeholder process, design status, and estimated earliest effective date. Stakeholders can stay up-to-date on market projects by following them from introduction to implementation within the WMPP webpage, which consolidates access to the Annual Work Plan, WMPP, Markets Committee Two-Month Look-Ahead Forecast, Markets Committee meeting agendas and materials, Key Projects and a listing of Closed Market Design Projects. Quick links to FERC Filings and Orders and our Customer Readiness page are also available to further inform and support NEPOOL’s Principal Committees. ISO New England undertakes many projects and initiatives for the continued development of the region’s wholesale electricity markets.

Tuesday
Jul162019

ISO-NE presents efforts on market solutions for energy security at FERC public meeting

In July of 2018, the Federal Energy Regulatory Commission (FERC) directed ISO New England to file permanent revisions to its market rules that would address long-term regional energy security concerns, due on October 15, 2019. On April 22, 2019, the ISO, the New England States Committee on Electricity, and the New England Power Pool (NEPOOL) Participants Committee jointly requested a public meeting to share with FERC staff information about efforts to develop these proposed market revisions without violating the Commission’s ex parte rules.

The day-long public meeting, which was webcast, convened on July 15, 2019, at FERC headquarters in Washington, DC. The staff-led session consisted of three 90-minute presentations by ISO New England, NEPOOL stakeholders, and representatives from New England states. ISO Chief Economist Matt White and Director of Market Development Chris Parent offered a robust presentation on the ISO’s steady work toward meeting FERC’s directive, after which they answered questions from the Commission staff and Commissioners.

ISO-NE's Chris Parent and Matt White at FERC

 

Thursday
Jul112019

“Keeping the lights on”: Summer interns meet system operators, tour backup control room

“What is ISO New England?” When you’re short on time, the go-to answer is five words. “We keep the lights on.” Brief and accurate, it’s the easiest way to describe what we do at the ISO. But the control room, where ISO system operators man the front lines of that responsibility, is a mysterious place.

Click to read more ...