Wednesday
May302018

Now online: Presentation and recording of PRD–Real-Time Operational Expectations webinar

The presentation and recording of the May 22, 2018, PRD – Real-Time Operational Expectations webinar are now available on the ISO New England website. This webinar focuses on real-time operational expectations for demand response resources (DRRs) and demand designated entity (DDE) staff under price-responsive demand (PRD) effective on June 1, 2018. Topics include expectations for (1) response to normal and emergency dispatch instructions, (2) DRR real-time re-submittals, and (3) communications with ISO New England system operators. Email the training team with questions at MkTraining@iso-ne.com.

Friday
May252018

Beating the heat: how ISO-NE prepares for the dog days of summer

Once the region rounds the bend on winter, ISO New England begins preparing to operate the region’s power grid during the hot, humid summer months. The days of highest electricity use occur during the summer in New England when warmer weather leads to increased use of energy-intensive air conditioning, creating complex challenges for the grid operator. With a toolbox of procedures, processes, and expertise in place to ensure reliability of the bulk power grid, the ISO is capable of dealing with the wide variety of situations that can arise when demand for power is peaking.

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Wednesday
May232018

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

Demand was low, particularly on April 21; natural gas and wholesale power prices rose in April

April 2018 stood out for near-record-low demand for power and a first-ever instance of lower daytime demand than nighttime demand in New England. Despite the low demand, higher prices for natural gas drove up the price of wholesale electricity for the month.

The average monthly price for natural gas rose nearly 60% during April compared to the prices recorded during April 2017. The average wholesale power price for the month of April 2018 also rose in both the day-ahead and real-time energy markets when compared to the previous year. The day-ahead energy price was up 53.9% to $45.00 per megawatt-hour (MWh)* and the real-time energy price rose 37.7% to $43.38/MWh.

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Thursday
May172018

ISO-NE’s wholesale electricity and capacity markets were competitive in 2017

The 2017 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that the region’s wholesale power markets were competitive in 2017. The report notes that the total cost of wholesale electricity markets was $9.1 billion in 2017, which represents an increase of about 20% over 2016’s record-low costs. Energy costs made up $4.5 billion of the total, with both capacity costs and regional network load costs at $2.2 billion in 2017. The costs for reliability services such as operating reserve, regulation, and net commitment period compensation, totaled about $200 million.

Tuesday
May082018

2018 forecast of capacity, energy, loads, and transmission is published by ISO-NE

Energy usage and peak demand will decline slightly over the next 10 years

On April 30, 2018, ISO New England published the 2018-2027 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT). The report is a primary source for assumptions used in ISO system planning and reliability studies. It provides a snapshot of the New England power system, including:

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Tuesday
May082018

NYISO, PJM, and ISO New England interregional committee releases 2017 Northeast Coordinated System Plan

No new needs identified for interregional transmission projects

The interconnections between neighboring electric power systems allow for the exchange of electric energy and capacity, facilitating access to a wider diversity of resources and the more economic trading of energy. Identifying the need for interregional transmission projects and regional system reinforcements, quantifying their possible benefits and other impacts, and resolving planning issues with potential cross-border effects can enhance the reliability and efficiency of the power system overall. The New York Independent System Operator (NYISO), ISO New England (ISO-NE), and PJM (i.e., the Regional Transmission Organization [RTO] for all or parts of 13 eastern and Midwestern states and the District of Columbia) work collaboratively to coordinate the planning of their interconnected systems. On April 24, 2018, the ISO/RTOs released the 2017 Northeast Coordinated System Plan (NCSP17), which summarizes the group’s 2016 and 2017 interregional planning efforts.

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