Monday
May052014

Article by ISO-NE CEO on the benefits of ISO-NE’s Pay-for-Performance proposal featured in Public Utilities Fortnightly

The May issue of Public Utilities Fortnightly includes an article by Gordon van Welie, ISO New England’s president and CEO, that discusses how the ISO’s proposal to change the Forward Capacity Market (FCM) will improve resource performance and power system reliability. The article was in response to a column that ran in the April edition of Public Utilities Fortnightly, entitled, “Scare Tactics.”

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Tuesday
Apr292014

FERC accepts ISO-NE’s capacity zone modeling proposal

ISO New England has targeted the ninth Forward Capacity Auction (FCA #9), scheduled for February 2015, to implement changes to the modeling of zones in the region’s Forward Capacity Market (FCM).

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Friday
Apr042014

Oil inventory was key in maintaining power system reliability through colder-than-normal weather during winter 2013/2014

The frigid temperatures that gripped much of the nation this winter posed operational challenges to the New England power grid, led to spikes in natural gas and wholesale electricity prices, and further highlighted issues related to resource performance and the importance of a secure fuel supply. In light of these challenges, here and across the country, the Federal Energy Regulatory Commission (FERC) hosted a Technical Conference on April 1, to hear from ISO New England, New York ISO, PJM Interconnection, Southwest Power Pool, Midcontinent ISO, California ISO, and other industry representatives about the impact of the cold weather on power system operations in different parts of the country.

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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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