Wednesday
Nov282018

ISO-NE receives successful SOC 1 Type 2 report

ISO New England recently completed a 2018 Service Organization Controls (SOC) 1 Type 2 engagement that assessed the controls surrounding the market administration and settlements system for administering the wholesale electricity markets. 

The report, issued on November 9, 2018, covered the period of October 1, 2017 through September 30, 2018. During that time, a team from KPMG LLP visited the ISO two times, reviewed 65 control objectives, and tested over 250 control activities. For the 14th year in a row, ISO New England received an “unqualified opinion” from the independent auditor.

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Wednesday
Nov282018

2018/2019 winter outlook: New England expected to have adequate resources 

ISO New England has implemented near-term changes based on lessons learned from historic cold snap

ISO New England, operator of New England’s power system, expects the region to have the necessary resources this winter to meet consumer demand, which is expected to peak at 20,357 megawatts (MW) under normal weather conditions or 21,057 MW at extreme temperatures.

However, as seen during last year’s two-week cold snap, power system operations could become challenging if demand is higher than projected, if the region loses a large generator, electricity imports are affected, or during periods of fuel delivery constraints. In those instances, the ISO could be required to implement emergency operating procedures to maintain reliability.

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Wednesday
Nov282018

Now online: Energy Market Opportunity Costs training materials

The presentation and recording of the November 13, 2018, Energy Market Opportunity Costs webinar are now available on the ISO New England website. This webinar provides an overview of what energy market opportunity costs are, how they are estimated by ISO New England, and how they can be used by market participants. The focus is on the initial project phase that is limited to oil and dual-fuel resources. It also includes information on where opportunity cost information can be found in the Customer and Asset Management System (CAMS) Internal Market Monitor Asset Characteristics (IMMAC) module.Email the training team with questions at MkTraining@iso-ne.com.

Wednesday
Nov212018

As ovens heat up on Thanksgiving Day, so does electricity demand

Every year, the ISO publishes the story below on the uniqueness of the Thanksgiving Day demand curve and how electricity use coincides with oven use and TV watching. But this Thanksgiving is expected to be anything but “traditional.” Expected cold temperatures are resulting in a weather forecast that would even be daunting for a typical January. Temperatures across the region are expected to approach and/or break record cold highs and lows, dating back as far as 1901. Here’s what we’re expecting (as of Nov. 21) for electricity demand compared to what was consumed last year:

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Friday
Nov092018

Now online: FCM 101 training materials

The training materials from Forward Capacity Market 101 (FCM 101) conducted on October 22-25, 2018, are now posted to the ISO New England website. To receive training information and updates, subscribe to ISO New England’s ISO Training mailing list. Email the training team with questions at MkTraining@iso-ne.com.

Friday
Nov022018

ISO-NE is implementing near-term changes in both operations and markets to help address the risk of winter energy shortages

Coming soon: New estimates of the region’s fuel inventories and the cost of preserving fuel for times when it’s needed most

ISO New England’s efforts to address the region’s growing fuel security risks are continuing with two new initiatives to be deployed before winter 2018/2019 begins. One will forecast the region’s available energy supplies for the next 21 days, and the other will provide a market mechanism that will help ensure that limited fuel supplies are used when they are most valuable for system reliability and cost-effectiveness.

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