Friday
Jan252019

New England Governors show strong commitment to carbon reductions, clean energy, and cost control

The new year ushered in two new governors for our region—Janet Mills in Maine and Ned Lamont in Connecticut, both Democrats. Governor Mills holds a starkly different set of energy goals from her predecessor, while Governor Lamont’s focus builds on the priorities of the last executive administration. The four returning incumbent governors’ energy policy priorities remain consistent with their first terms, as evident from recent inaugural speeches, appointments and other activities. Here are highlights from each state. 

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Thursday
Jan242019

Monthly wholesale electricity prices and demand in New England, December 2018

Wholesale power and natural gas prices fell in December

Natural gas prices fell by nearly half in December, pulling the average wholesale power price for the month down by 34% in the Day-Ahead Energy Market and 48% in the Real-Time Energy Market when compared to the previous year. The day-ahead energy price was $47.31 per megawatt-hour (MWh)* and the real-time energy price was $41.86/MWh in December.

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Monday
Jan212019

Amounts, sources of electric energy used to meet demand in 2018 now on iso-ne.com

The total amount of energy and the sources of energy the New England region used in 2018 to satisfy all residential, commercial, and industrial customer demand are listed on the ISO website. This “net energy for load” is calculated by adding total generation output and price-responsive demand within the region with net imports and exports to neighboring regions, then subtracting the energy used to operate pumped storage power plants. The Resource Mix webpage provides a breakdown of generation by fuel type and of imports and exports over individual tie lines that make up last year's net energy for load. Numbers are preliminary until the 90-day resettlement process is complete. This information also is available in spreadsheet form on the Net Energy and Peak Load webpage in ISO Express by month and year dating back to 2000.

Friday
Jan182019

Now online: Presentation and recording of FCM Existing Capacity Qualification Process webinar

The presentation and recording of the January 10, 2019, FCM Existing Capacity Qualification Process webinar are now available on the ISO New England website. This webinar informs market participants of the existing capacity qualification process for generation, imports, and demand resources that are participating in the fourteenth Forward Capacity Auction (FCA #14) to be held in February 2020 for the 2023-2024 Capacity Commitment Period. Email the training team with questions at MkTraining@iso-ne.com.

Tuesday
Jan152019

FERC accepts capacity requirements for 2022/2023

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) value of 34,719 megawatts (MW) to be used in the 13th Forward Capacity Market auction (FCA #13), which commences February 4, 2019. The ICR is the amount of capacity (generation, demand-side resources, and imports) the ISO has determined needs to be available in 2022/2023 to meet the region’s projected consumer demand. The ICR value is calculated using reliability requirements based on the probability of disconnecting load due to a resource deficiency (also referred to as Loss of Load Expectation or LOLE) no more than once every 10 years (1-in-10). 

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Monday
Dec242018

Download the latest edition of ISO-NE’s Wholesale Markets Project Plan

The December release of 2018 Wholesale Markets Project Plan (WMPP) is now available on the ISO’s website. The WMPP describes the current status of market initiatives (including the progress of market projects cited in the Annual Work Plan) and is updated biannually in the summer and winter. Stakeholders can stay up-to-date on market projects by following them from introduction to implementation within the WMPP webpage, which consolidates access to the Annual Work Plan, WMPP, Markets Committee Two-Month Look-Ahead Forecast, Markets Committee meeting agendas and materials, Key Projects and a listing of Closed Market Design Projects. Quick links to FERC Filings and Orders and our Customer Readiness page are also available to further inform and support NEPOOL’s Principal Committees.

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