Wednesday
Jan302013

SPI News: Cost/benefit information of potential market responses to address natural gas dependence

Two memos are now available that examine the potential benefits and costs associated with options that could help mitigate grid reliability risks related to the region’s reliance on natural gas. The memos provide further information to regional stakeholders as they consider proposed solutions and market rule changes to address this challenge.

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Wednesday
Jan232013

2012 wholesale electric energy prices dropped to lowest level since 2003

Lower natural gas prices and lower demand combine to push electricity prices down to a 10-year low

Preliminary figures from ISO New England show that wholesale electric energy prices dropped almost 23% in 2012, driven down by lower natural gas prices and lower demand. Additionally, the 2012 price was nearly 26% lower than the average price set in 2003, the year that ISO New England introduced wholesale competitive markets in their current form.

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Wednesday
Jan022013

ISO-NE’s Michael Henderson steps down as chair of PAC after 12 years

On December 31, 2012, Michael Henderson, Director of Regional Planning and Coordination at ISO New England, stepped down as chair of the Planning Advisory Committee (PAC). The PAC is a regional, public forum for stakeholders to provide input on New England’s power system planning process.

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Monday
Dec172012

ISO-NE develops first multistate, long-term energy-efficiency forecast

Earlier this year, ISO New England’s system planners completed the first multistate, long-term energy-efficiency (EE) forecast in the nation. The EE forecast falls under the ISO’s long-range planning responsibilities, which include the annual production of a 10-year load forecast.

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Wednesday
Oct312012

New England grid operations through Hurricane Sandy; preparation and communication key 

On October 29, 2012—exactly a year to the day after an unprecedented snow storm hit New England—Hurricane Sandy pummeled the region, giving folks yet another reminder that severe weather can strike at any time. Hurricane Sandy showed little mercy, with reports of wind gusts in some areas of New England reaching 70+ miles per hour and driving rain that caused flooding and record ocean storm surges. Widespread and scattered power outages affected all six states, but the majority of outages were in low-lying and coastal areas of New England, including the Connecticut shoreline, parts of Rhode Island, and eastern Massachusetts. The total number of customers without power at the peak late Monday night was estimated to be more than 1.3 million. At the time of this article’s publication, two days after the storm, about 610,000 customers remain without power.

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Wednesday
Oct312012

SPI News: ISO New England releases capacity market white paper 

On October 22, ISO New England released a white paper detailing proposed changes to the Forward Capacity Market (FCM) aimed at increasing performance incentives for resources participating in the wholesale electricity markets. The ISO’s ongoing Strategic Planning Initiative has identified resource performance and flexibility as critical aspects of regional reliability.

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