Thursday
May232019

ISO-NE’s wholesale electricity and capacity markets were competitive in 2018

The 2018 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2018. The report notes that the total cost of wholesale electricity markets was $12.1 billion in 2018, which represents an increase of about 32% over 2017. Of the total, energy costs rose 34% to $6 billion. The energy increase was driven by higher natural gas prices, particularly during winter, and higher power demand during a hot and humid summer. Capacity costs rose by $1.4 billion to $3.6 billion, reflecting higher clearing prices in the eighth and ninth Forward Capacity Auctions after a spate of generator retirements. Capacity costs will begin to decline after June 2019, reflecting the entry of new resources and a higher capacity surplus. Regional network load costs were $2.3 billion to pay for the use of transmission facilities and other services. The costs for reliability services such as operating reserve, regulation and net commitment period compensation, totaled about $200 million in 2018.

Thursday
May232019

Financial assurance for the Forward Capacity Market web-based training

This web-based training provides an introduction to financial assurance (FA) changes occurring with Competitive Auctions with Sponsored Policy Resources and FA requirements for annual reconfiguration transactions. Topics include: existing non-commercial capacity FA requirement, calculating FA requirements for transferring capacity supply obligations in the reconfiguration auction or CSO bilateral, and determining FCM capacity charge requirements. Internet Explorer or Firefox should be used to view this training. Email the training team with questions at MkTraining@iso-ne.com.

Tuesday
May212019

NEWIEE Western New England Chapter explores MGM Springfield’s sustainability practices

On May 16, the Western New England Chapter of New England Women in Energy and the Environment (NEWIEE) hosted a tour at MGM Springfield’s resort and casino to learn about the company’s sustainability practices. Attendees from ISO New England, Tighe & Bond, GZA, and Exponent were led through the facility, the first gaming site in the world to receive Leadership in Energy and Environmental Design (LEED) platinum certification, the highest rating the Green Building Council awards for new construction projects.

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Wednesday
May152019

ISO-NE expects sufficient power supplies this summer

New England is expected to have sufficient resources to meet peak consumer demand for electricity this summer under both typical and extreme weather conditions.

ISO New England prepares short-term forecasts for the summer and winter seasons, taking into account estimated contributions from all resources, including those with and without an obligation through the capacity market to supply electricity; unplanned resource outages; imports from neighboring regions; and resource additions and retirements. These estimates help inform ISO New England’s planning on how to operate the grid during the upcoming peak season.

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Tuesday
May142019

UConn engineering students conduct senior design project at ISO New England

During the 2018–2019 academic year, ISO New England partnered with the University of Connecticut (UConn) to sponsor an electrical engineering Senior Design Project. This project, for which three students received class credit, took place over eight months spread across two semesters.

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Monday
May132019

Regional air emissions 2017: long-term reduction trends continue 

Since 2001, SO2 down 98%, NOx down 74%, CO2 down 34%

Note: This article was updated following the publication of the final 2017 ISO New England Electric Generator Air Emissions Report.

Regional emissions of sulfur dioxide (SO2), nitrogen oxides (NOx), and carbon dioxide (CO2) declined in 2017 compared to the previous year, according to data compiled for the 2017 ISO New England Electric Generator Air Emissions Report. The lower emissions were due largely to a decline in electricity generation by power plants that use fossil fuels. The year-over-year declines continued long-term reductions in the emissions produced by New England power plants.

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