Tuesday
Apr012014

New wind power forecast integrated into ISO-NE processes and control room operations 

More precise information about the predicted electricity output from  wind resources improves dispatch efficiency, helps optimize power output from wind generators

Over the past several years, the amount of wind power connected to the New England high-voltage power grid has increased at a fairly quick pace—from approximately two megawatts (MW) in 2005 to more than 700 MW on the system today. Another 2,000 MW of wind generation has been proposed in the region.

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Tuesday
Apr012014

ISO-NE and NEPOOL submit proposal to establish sloped demand curve for future Forward Capacity Market auctions

A sloped demand curve will moderate price volatility and eliminate administrative pricing

ISO New England and the New England Power Pool have filed a joint proposal with the Federal Energy Regulatory Commission to establish a sloped demand curve for use in future Forward Capacity Market (FCM) auctions. Each year, ISO New England holds an auction to purchase the amount of capacity (both generation and demand-side resources) that will be needed to satisfy demand for electricity for a one-year commitment period three years into the future.

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Tuesday
Mar182014

Higher natural gas prices pushed up prices for wholesale electric energy in 2013

Pipeline constraints and higher demand pushed up prices for both natural gas and power

Natural gas pipeline constraints and higher demand in New England caused the average price of natural gas to rise 76% in 2013, which in turn pushed the wholesale electric energy price up by 55% over 2012’s record low price. Natural gas is the predominant fuel used to generate the region’s electricity, at about 46% of total generation in 2013, so wholesale power prices tend to track the price of natural gas. Preliminary data show that the wholesale energy price averaged $56.06 per megawatt-hour (MWh) in 2013, while natural gas averaged $6.97 per million British thermal units (MMBtu). The wholesale energy price was 30% lower than the all-time high of $80.56/MWh during 2008.

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Friday
Feb282014

ISO, stakeholders discuss capacity market reforms at roundtable in Boston

On Friday, February 28, 2014, Robert Ethier, Vice President of Markets Development, delivered a presentation at the New England Electricity Restructuring Roundtable on enhancing the Forward Capacity Market (FCM) to improve resource performance and investment in New England—challenges identified through the Strategic Planning Initiative.

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Thursday
Feb272014

New England Governors continue their heavy focus on energy issues in 2014

ISO-NE summarizes major themes from the State of the
State Addresses

During January and February 2014, each of the six New England governors gave a State of the State Address highlighting the many energy challenges facing the region.

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Thursday
Feb272014

NIST releases voluntary standards for reducing cyber risks to critical digital infrastructure

ISO-NE contributes to standards-development process

On February 12, 2014, the National Institute of Standards and Technology (NIST) released the final version of its voluntary cybersecurity standards, the Framework for Improving Critical Infrastructure Cybersecurity. ISO New England, in collaboration with the ISO/RTO Council, was an active participant in the year-long process of standards creation.

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