Thursday
Feb092017

ISO-NE forward capacity auction secures sufficient power system resources, at a lower price, for grid reliability in 2020-2021

The 2017 auction clearing price lowest since 2013

New England’s annual Forward Capacity Market auction concluded Monday, February 6, with sufficient resources to meet demand in 2020-2021. Preliminary results indicate the clearing price for all three capacity zones, $5.30 per kilowatt-month, is the lowest since 2013. The auction is run by ISO New England to procure the resources that will be needed to meet projected demand three years in the future.

The 11th Forward Capacity Auction (FCA #11) attracted robust competition among resources to provide reliability services in New England. This year’s auction concluded with commitments from 35,835 megawatts (MW) to be available in 2020-2021, with 1,760 MW of surplus capacity. The auction rules allow the region to acquire more or less than the capacity target, providing flexibility to acquire additional capacity and enhanced reliability at a cost-effective price. Read the February 9 press release for more details.

Monday
Feb062017

Monthly wholesale electricity prices and demand in New England, December 2016

December’s average price of electricity rose on colder temperatures, higher demand, and higher natural gas prices

The average price of natural gas more than tripled during December 2016 and that, combined with higher demand for power, caused the wholesale power price in New England to rise more than twice as high as the price in December 2015.

The price of natural gas rose 226% in December, driving a 152% increase in the wholesale electricity price, to $53.83 per megawatt-hour (MWh)* from the December 2015 average price of $21.35/MWh.

December’s cold temperatures pushed up demand for power. As measured by heating degree days**, December 2016 was much colder than December 2015, and much closer to the normal level of heating degree days during a New England December. Cold weather also drives up demand for natural gas for heating, resulting in natural gas pipeline constraints that cause natural gas prices to rise.

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Monday
Feb062017

Amounts, sources of electric energy used to meet demand in 2016 now on iso-ne.com

The total amount of energy and the sources of energy the New England region used in 2016 to satisfy all residential, commercial, and industrial customer demand are listed on the ISO website. This “net energy for load” is calculated by adding total generation output within the region with net imports and exports to neighboring regions, then subtracting the energy used to operate pumped storage power plants. The Resource Mix webpage provides a breakdown of generation by fuel type and of imports and exports over individual tie lines that make up last year's net energy for load. Numbers are preliminary until the 90-day resettlement process is complete. This information also is available in spreadsheet form on the Net Energy and Peak Load webpage in ISO Express by month and year dating back to 2000.

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Friday
Feb032017

View new online module to learn more about ISO-NE's financial assurance policy

ISO New England is pleased to announce the release of the Financial Assurance Basics web-based training module, which provides an overview of the ISO's Financial Assurance Policy. Market participation, types of financial assurance, financial assurance compliance tests, and the Financial Assurance Management system is also discussed. Approximate viewing time is 20 minutes. Access the training in ISO-TEN. ISO New England offers a variety of training opportunities and materials to help customers understand the region’s wholesale electricity marketplace and power system. Find out what else is available. To receive training information and updates by email, subscribe to the ISO Training mailing list.

Friday
Feb032017

Registration is open for spring WEM 101 and 201 courses

ISO New England is pleased to announce that registration is open for spring 2017 market training classes. These courses will be held at The Hotel Northampton on April 3-7, 2017, and May 23-25, 2017.

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Thursday
Feb022017

ISO-NE handouts provide key grid stats by region and by state

The New England Power Grid 2016–2017 Profile is a one-sheet summary of key facts and figures on the region’s demand growth, resource mix, transmission development, and wholesale electricity prices. The New England Power Grid 2016-2017 State Profiles is a one-sheet summary of key facts and figures on demand growth, resource mix, and environmental goals for each New England state. Download them today! If you are a member of the media or government and would like to speak with someone at ISO New England, please view our list of media and external affairs contacts.