Tuesday
Feb282017

Finalized capacity auction results confirm FCA #11 procured sufficient resources, at a lower price, for 2020–2021

Finalized results from the 11th Forward Capacity Auction (FCA #11) confirm that the February 6 auction concluded at a lower price than the previous three annual auctions and with sufficient resources to meet electricity demand in 2020–2021. ISO New England filed the results with the Federal Energy Regulatory Commission (FERC) on February 28. The FERC filing includes a list of resources that have an obligation to be available in that capacity commitment period. Read the press release.

Monday
Feb272017

New England’s wholesale electricity prices in 2016 lowest since 2003  

Last year’s wholesale electricity prices were the lowest in 13 years due to low natural gas prices and mild weather that dampened demand. The total value of New England’s wholesale electricity market in 2016 was $4.1 billion, $1.1 billion less than the $5.2 billion value for wholesale electricity in 2012, the previous year with the lowest market value. The average annual wholesale power price in New England last year was $28.94 per megawatt-hour. For more information, read the press release.

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Monday
Feb272017

Now online: Recording of FCA #12 Show of Interest webinar for new generation, imports, DR

The presentation and recording of the February 22 webinar, New Generation and Imports Show of Interest for FCA #12, and the presentation and recording of the February 23 webinar, FCM Show of Interest for New Demand Resources, are now available on the ISO New England website.The webinars inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the twelfth Forward Capacity Auction (FCA #12) to be held in February 2018 for the 2021-2022 Capacity Commitment Period. The trainings focus on how and when to submit the SOI and the information required for Forward Capacity Auction qualification. Email the training team with questions at MkTraining@iso-ne.com

Friday
Feb242017

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

January’s average price of electricity rose on higher natural gas prices

The average price of natural gas rose 14% during January 2017, pushing up the wholesale power price in New England by 8%, to $36.66 per megawatt-hour (MWh)*, from the January 2016 price of $33.99/MWh.

The smaller percentage increase in wholesale power prices compared to the natural gas increase was due to lower demand, as well as changes in the fuel mix in January. Total energy consumption in New England declined by 3% in January, compared to the previous January. Nuclear output was lower in January 2016, by about 200 gigawatt-hours (GWh) or 7.6% to 2,988 GWh, likely requiring the use of higher-priced resources. And output from low-priced wind resources was higher in January 2017, up by 48 GWh or 20% to 298 GWh, likely displacing some higher-priced resources.

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Wednesday
Feb222017

ISO-NE launches 2017 Regional Electricity Outlook 

Annual report describes transformation of New England’s power system

ISO New England has published its 2017 Regional Electricity Outlook, an annual report looking at the challenges and trends impacting New England’s power system, as well as the innovative solutions the ISO and regional stakeholders are pursuing to ensure reliable electricity for the region’s homes and businesses—today and into the future. The report and companion webpages look back on the changes in New England’s electricity industry over the past two decades, while exploring the changes currently underway in the region.

A full version of the 2017 Regional Electricity Outlook is available for download.

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Wednesday
Feb222017

Want improvements to our mobile app? Take the ISO to Go survey today

ISO New England’s mobile app ISO to Go has been downloaded thousands of times and is used every day by market participants, government officials, and citizens throughout New England and beyond. The mobile app has been a valuable tool for checking in on wholesale prices, regional electricity demand, and generation fuel mix while on the go. It’s been nearly five years since we launched ISO to Go, and it’s time to make it even more handy and functional for users.

As we create our next-generation ISO to Go 2.0 mobile app, we’d like your input on which features you use most today and what features you would like to see added. Please fill out our survey and let us know what would make the app more even more useful to you.

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