Monday
Oct232017

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

The average wholesale electricity price dropped on record-low September demand and very low natural gas prices

September brought the third-lowest monthly average price for natural gas in 14 years, and the lowest energy usage during any September in New England since 2000. The result was a lower average wholesale electricity price for the month. September’s low demand follows on August’s record for the lowest energy consumption during any August since 2000.

The average real-time price of wholesale power, at $26.31 per megawatt-hour (MWh)*, was the 16th-lowest monthly price since March 2003, when markets in their current form were launched. The September real-time price was down 3.3% from the September 2016 average price of $27.21/MWh. The average day-ahead price of $23.57/MWh was 17.6% lower than the day-ahead price during September 2016, but the real-time price drop was smaller as a result of actual system conditions, including high demand on several days with planned generator outages, that pushed prices up.

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Friday
Oct202017

Market participants take note: annual customer satisfaction survey available this week

Survey feedback helps the ISO deliver better products and services

Every year, ISO New England’s Customer Service and Training department conducts an online survey of market participants to measure their satisfaction with the information and services the ISO provides. The survey contains a series of questions (both multiple choice and written feedback) that should take no longer than 10 minutes to complete. This feedback, especially any written comments, is very important to the ISO to learn more about how market participants view the quality of ISO products and services. Once finalized, survey results are used by the ISO to identify and prioritize improvements.

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Tuesday
Oct102017

Get ready to fall back to Eastern Standard Time  

New England will return to Eastern Standard Time (EST) on Sunday, November 5, when at 2:00 a.m., clocks must be set back one hour to 1:00 a.m. Each of the ISO's market applications is unique and will function differently during this transition. Here are the things market participants need to know to prepare.

1. Bids and offers that use upload and downloads for the eM

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Monday
Oct092017

Summer 2017 recap: Cool temperatures bring lower demand, prices 

Power system operates well during summer months, partial solar eclipse

Cooler than usual temperatures during July and August led to less demand for energy-intensive air conditioning, lowering overall consumer demand for electricity during Summer 2017. The cooler temperatures and lower consumer demand led to a relatively uneventful summer, and the ISO New England control room operators were able to reliably operate the power system throughout the season, including when a partial solar eclipse reduced output from solar power resources on August 21.

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Friday
Oct062017

Generator Information System cost-exemption requests and renewals for 2018 due by November 20

It’s that time of year again for owners of Generation Information System (GIS) Load Assets to request or renew exemptions from GIS Costs charges for the coming year. To request or renew an exemption for 2018 charges, Lead Asset Owners must complete the GIS Exemption Form  and send to GIS@iso-ne.com by close of business on November 20, 2017.

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Tuesday
Oct032017

ISO-NE employees recognized with INFORMS award

Several ISO New England employees have been recognized by INFORMS, a leading international association for operations research and analytics professionals, for their paper addressing the challenges associated with operating large-scale electric power systems in light of the increasing penetration of wind and solar power generation.

A collaboration between ISO New England and the Georgia Institute of Technology, the paper, “Multistage Adaptive Robust Optimization for the Unit Commitment Problem,” was recently named the INFORMS ENRE Best Publication Award in Energy, an annual award given to the best refereed journal article in the areas of energy, natural resources, and the environment.

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