Wednesday
Oct032012

Regional Greenhouse Gas Initiative surpasses $1 billion in proceeds

On September 5, the Regional Greenhouse Gas Initiative (RGGI) held its 17th auction of carbon dioxide (CO2) allowances. Generators in the nine RGGI states bought a total of 24.5 million allowances in the auction, one for each ton of CO2 emitted in the compliance period. Bids for the CO2 allowances ranged from $1.93 to $6.51 per allowance, with a clearing price of $1.93, the minimum reserve price for the auction. With states generally holding excess allowances, sales of allowances in auction 17 represented only 65 percent of the 37.9 million allowances offered for sale. Proceeds from the auction amounted to $47.4 million, which the states typically spend on energy efficiency, clean and renewable energy, direct bill assistance, and other consumer benefit programs.

Click to read more ...

Wednesday
Oct032012

FERC creates new office on cyber security 

On September 20, FERC Chairman Jon Wellinghoff announced the creation of a new FERC office that will help the Commission focus on potential cyber and physical security risks to energy facilities under its jurisdiction. The new Office of Energy Infrastructure Security (OEIS) will assist the Commission to address potential risks to FERC-jurisdictional facilities from cyber attacks and such physical threats as electromagnetic pulses. OEIS will be led by Joseph McClelland, formerly the Director of the Office of Electric Reliability. For more information, please see FERC’s press release.

Click to read more ...

Thursday
Sep272012

ISO-NE launches mobile app for smartphones

‘ISO to Go’ provides user-friendly access to information about the region’s power system and wholesale markets

Do you wonder what types of fuels are generating your electricity? Would you like to see real-time power grid conditions? How about real-time wholesale electricity prices in your New England hometown? There’s an app for that!

Click to read more ...

Friday
Jul132012

Mass.-based magazine publishes opinion piece from ISO-NE CEO on natural gas, electricity

CommonWealth Magazine, a public policy-oriented quarterly publication in Massachusetts, recently published an opinion piece by Gordon van Welie, ISO New England’s CEO, on the issues and concerns raised by the region’s reliance on natural gas for electricity generation.

Thursday
Jun282012

ISO New England celebrates 15 years of operation

From the President and CEO, Gordon van Welie

On Sunday, July 1, 2012, ISO New England reaches a significant milestone: 15 years as the region’s grid operator. In that relatively short amount of time, the make-up and operation of the electric power system has changed dramatically. We’ve seen the addition of competitive markets and environmental policy spur growth in new, mostly low-carbon-emitting generating resources; an exponential increase in demand resources; and the entrance of more renewable resources, such as wind. The implementation of a collaborative regional system planning process has significantly increased the reliability of the system through hundreds of transmission projects and upgrades.

Click to read more ...

Monday
Jun182012

Quarterly forum helps market participants understand changes to ISO settlements/billing processes

80+ participants attend Q2 forum; Q3 forum registration opens soon

On June 13, more than 80 attendees turned out for ISO New England's quarterly Settlements Issues Forum for Q2 2012. Launched in late 2011, these interactive, web-based meetings provide market participants with information on upcoming changes to ISO processes for settlement and billing of payments and charges for various transactions in the region’s electricity markets. The forums provide an opportunity for participants to ask questions of the ISO’s subject matter experts and gain a greater understanding of information that is critical to the successful administration of the markets

Click to read more ...