Monday
Apr242017

ISO-NE publishes discussion paper on proposed solution to harmonize competitive markets and subsidized resources

ISO New England has published "Competitive Auctions with Subsidized Policy Resources." This discussion paper details the ISO’s proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. Read highlights of the proposal published last week.

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Monday
Apr242017

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

Cold weather drove up natural gas prices in March, resulting in electricity prices that were higher than March 2016’s record-low price

Unusually cold weather in March drove up natural gas prices in New England to more than twice the average price in March 2016, driving up the average wholesale power price. The March 2017 average price of natural gas rose nearly 140% year-over-year. The average wholesale power price in New England doubled to $34.81 per megawatt-hour (MWh)* compared to the March 2016 average price, which at $17.20/MWh stands as the lowest monthly average power price in New England since March 2003. The current wholesale electricity markets were launched in March 2003.

The March power price was 24.1% higher than the February average price of $28.05. The cold weather in March also drove up electricity usage in New England, by nearly 6% year-over-year and 10.5% over usage during February.

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Friday
Apr212017

ISO-NE proposes solution to harmonize competitive markets and subsidized resources

ISO New England has posted a four-page outline of its proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. The ISO’s concept proposes to closely coordinate the entry of (subsidized) new resources with the exit of (unsubsidized) existing capacity resources. A more detailed paper explaining the proposal will be released in the near future.

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Wednesday
Apr192017

ISO-NE marks Earth Day 2017 with an update on the effects of clean-energy initiatives in New England

This Earth Day (Saturday, April 22)—or any day—you can learn about the role that renewables and other clean-energy resources are playing in the region by visiting ISO New England’s Key Grid and Market Stats and Grid in Transition webpages. Following are some snapshots of where the region stands, with links to learn more.

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Tuesday
Apr182017

An energy storage milestone: two batteries join ISO-NE Regulation Market

The presence of advanced battery storage technology continues to increase in New England, with two battery storage systems now participating in ISO New England’s Regulation Market, marking an important milestone in the region’s move towards a hybrid grid.

The batteries are a 3.4 megawatt (MW) system operated by Green Mountain Power in Rutland, Vermont, and a 16.2 MW system operated by NextEra Energy in Maine’s Casco Bay. Both are able to respond to the ISO’s new energy-neutral regulation dispatch signal that directs alternative technologies to cycle between electricity production and consumption over a short period.

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Monday
Apr102017

Spring update to ISO-NE’s Annual Work Plan is now online

ISO New England has posted the March update to its Annual Work Plan (AWP). The AWP outlines major priorities and activities for a 21-month period designed to improve existing ISO systems, practices, and services to New England. It also details on expected timelines and objectives for planning, operations, markets, and capital projects. The plan is published in the fall and updated in the spring.

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