Entries in energy security (5)


ISO-NE releases discussion paper on energy security challenges, solutions

On April 1, 2019, ISO New England released a paper detailing the ISO’s perspectives on the region’s energy security challenges and long-term market solutions to addresses those challenges. Over the past several years, the region has seen resources with onsite fuel storage replaced by resources that rely on “just-in-time” delivery of their energy sources, such as natural gas and renewables.

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New England governors announce commitment to regional cooperation on energy issues

On March 15, the six New England governors announced a commitment to work together to evaluate regional mechanisms to help maintain critical nuclear and clean energy facilities.

In the statement, the governors said they would work “in coordination with ISO New England and through the New England States Committee on Electricity (NESCOE), to evaluate market-based mechanisms that value the contribution that existing nuclear generation resources make to regional energy security and winter reliability.”

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Winter energy security update: Interim compensation program for inventoried energy filed with FERC

On March 25, 2019, ISO New England filed with the Federal Energy Regulatory Commission (FERC) to implement a short-term program that will recognize the value of resources that can store fuel for use when winter energy security is most stressed. The short-term program, which would run during winters 2023/2024 and 2024/2025, is designed to be a bridge to a long-term, market-based solution that more comprehensively addresses the region’s energy security risks.

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ISO-NE requests four-month extension to file market reforms to address energy security risks

More time is needed to flesh out the details, but implementation in 2024 will not be delayed

In a motion submitted Friday, January 18, 2019, ISO New England asked the Federal Energy Regulatory Commission (FERC) for a four-month extension to file the significant tariff changes required to implement a market-based solution to New England’s winter energy security risks. The ISO is seeking an extension to November 15, 2019, to file its proposal, but the postponement would not delay the plan to implement the new design for 2024-2025.

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Now online: Energy Market Opportunity Costs training materials

The presentation and recording of the November 13, 2018, Energy Market Opportunity Costs webinar are now available on the ISO New England website. This webinar provides an overview of what energy market opportunity costs are, how they are estimated by ISO New England, and how they can be used by market participants. The focus is on the initial project phase that is limited to oil and dual-fuel resources. It also includes information on where opportunity cost information can be found in the Customer and Asset Management System (CAMS) Internal Market Monitor Asset Characteristics (IMMAC) module.Email the training team with questions at MkTraining@iso-ne.com.