Entries in energy markets (11)


PAC hosts lively day exploring grid transformation

On May 23, the ISO New England Planning Advisory Committee (PAC) hosted a special day of presentations and discussions focused on the ongoing transition to an electric grid powered by renewable and distributed energy resources.

Welcoming a full house of state officials, policy and regulatory stakeholders, and market participants, ISO Vice President of Planning, Stephen Rourke, opened the meeting with a brief overview about the region’s evolving grid. He explained that the ISO is actively taking renewable, storage, and distributed resources into account through its planning, operations, and markets processes, and that the region will need better forecasts, flexible resources, and transmission improvements to plan and operate the system.

Click to read more ...


Capacity vs energy: a primer

Next week, ISO New England will run the 13th Forward Capacity Auction to secure the power system resources needed to meet peak demand in 2022-2023. The auction is run annually to ensure the region has the necessary resource capacity three years into the future. But what is capacity, and how does it differ from the energy markets the ISO runs on a day-ahead and real-time basis? ISO New England has put together a primer on these two measurements of energy, and how the two types of markets play into running the New England power system.

Click to read more ...


New flexibility added to Enhanced Energy Scheduling (EES) application

In response to market participant feedback, ISO New England is enhancing the functionality of its Enhanced Energy Scheduling (EES) application, which is used to submit external transactions in the energy markets. Currently the EES only allows participants to submit one price per transaction in the Day-Ahead Energy Market, meaning participants with varying hourly prices must submit unique transactions for each individual hour. Beginning September 1, 2018, participants will be able to submit day-ahead external transactions with prices that vary by hour, consistent with the functionality available for the Real-Time Energy Market. The sandbox environment incorporating this change will be available to users on August 13, 2018.

Click to read more ...


New England's energy markets web-based training module

The New England’s Energy Markets module will provide a brief overview of New England's wholesale electricity markets, explaining how and why they were formed and what each one's role is in the wholesale marketplace. The training will focus more specifically on ISO New England's energy markets, including how they work on a day-to-day basis, how they settle, and how they are monitored. Approximate viewing time is 35 minutes. Access the training in ISO-TEN.

Click to read more ...


ISO-NE files comments as part of proposed FERC rules on energy storage

Comments highlight grid operator’s support of proposal goals

ISO New England filed comments with the Federal Energy Regulatory Commission (FERC) on February 13, 2017, in response to the commission’s Notice of Proposed Rulemaking (NOPR), which is aimed at better integrating emerging energy storage technologies and distributed energy resources into organized wholesale electric markets.

Click to read more ...


FERC accepts market changes to accommodate energy storage in ISO-NE energy markets

The changes, which go into effect December 2018, provide greater flexibility for new storage technologies to participate in the wholesale electricity marketplace

On December 9, 2016, the Federal Energy Regulatory Commission (FERC) accepted changes to ISO New England’s market rules to allow energy storage to participate as dispatchable resources in the Day-Ahead and Real-Time Energy Markets, while continuing to participate as alternative technology regulation resources (ATRRs) in the Regulation Market.

Click to read more ...