Friday
Mar012013

March 1 marks 10th anniversary of “Standard Market Design”

Ten years ago, on March 1, 2003, ISO New England replaced the preliminary wholesale electricity market rules, procedures, and operating systems first introduced in the region in 1999 with what we called Standard Market Design (SMD). Based on our experience and that of other ISOs running electricity markets, SMD significantly expanded and refined New England’s marketplace. It added new features such as the Day-Ahead Energy Market and locational marginal pricing that gave market participants better tools to protect against price volatility and also revealed the true cost of producing and supplying power at various locations on the power system. Today, we use the same system to price wholesale electricity in New England—a testament to the hard work and careful consideration that resulted from the cooperative and robust stakeholder process. Of course, we’ve continued to build on SMD’s foundation, enhancing our suite of markets to ensure an efficient and reliable power system in New England. View the 2013 Wholesale Markets Project Plan for a look at what market enhancements are planned or underway for this year.

Friday
Feb152013

President Obama issues cybersecurity executive order; initiatives to include energy sector

During his State of the Union Address on February 12, US President Barack Obama announced that he had signed a long-anticipated executive order focused on strengthening cybersecurity for the nation’s critical digital infrastructure. The White House also released a Presidential Policy Directive to provide additional clarity.

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Thursday
Jan312013

Article by ISO-NE CEO on energy-efficiency forecast featured in Public Utilities Fortnightly

The January issue of Public Utilities Fortnightly includes an article by Gordon van Welie, ISO New England’s president and CEO, that outlines how the ISO developed the first multi-state, long-term energy-efficiency forecast in the nation last year. The forecast, which was developed through an intensive stakeholder process, found that state-sponsored energy-efficiency programs are expected to spend $5.7 billion on energy-efficiency measures between 2015 and 2021. That will result in an annual average savings of 1,343 gigawatt-hours of electricity consumption and 206 megawatts of peak demand. A subscription is required to view the full article.

Wednesday
Jan302013

SPI News: Cost/benefit information of potential market responses to address natural gas dependence

Two memos are now available that examine the potential benefits and costs associated with options that could help mitigate grid reliability risks related to the region’s reliance on natural gas. The memos provide further information to regional stakeholders as they consider proposed solutions and market rule changes to address this challenge.

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Wednesday
Jan232013

2012 wholesale electric energy prices dropped to lowest level since 2003

Lower natural gas prices and lower demand combine to push electricity prices down to a 10-year low

Preliminary figures from ISO New England show that wholesale electric energy prices dropped almost 23% in 2012, driven down by lower natural gas prices and lower demand. Additionally, the 2012 price was nearly 26% lower than the average price set in 2003, the year that ISO New England introduced wholesale competitive markets in their current form.

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Wednesday
Jan022013

ISO-NE’s Michael Henderson steps down as chair of PAC after 12 years

On December 31, 2012, Michael Henderson, Director of Regional Planning and Coordination at ISO New England, stepped down as chair of the Planning Advisory Committee (PAC). The PAC is a regional, public forum for stakeholders to provide input on New England’s power system planning process.

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