Entries in internal market monitor (5)

Friday
Feb172017

Fall 2016 markets report reviews wholesale market outcomes during September, October, and November 2016 

The Fall 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for September, October, and November of 2016.

The Fall 2016 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.17 billion, down 17% compared to the market value of $1.40 billion during the fall of 2015. The average real-time wholesale energy price was $24.72 per megawatt-hour, 22% lower than the average real-time price in fall 2015. The year-over-year decline was driven by natural gas prices that averaged $2.45 per million British thermal units, 21% lower than the average price during the fall of 2015. Lower demand was also a factor; energy usage declined 3%, to 28,812 gigawatt-hours, in fall 2016 from the fall 2015 level.

For more, read Winter 2015/2016 recap: New England power system performed well and prices remained low.

Thursday
Dec082016

Summer 2016 markets report reviews wholesale market outcomes during June, July, and August 2016 

The Summer 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for June, July, and August of 2016.The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.56 billion, up 13% compared to the market value of $1.38 billion during the summer of 2015. The average real-time wholesale energy price was $30.35 per megawatt-hour, a rise of 13% compared to the summer of 2015. The year-over-year increase was driven by 2% higher average demand due to hotter weather, particularly in August, and natural gas prices that averaged $2.68 per million British thermal units, 31% higher than the average price during the summer of 2015.

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Wednesday
Sep072016

Spring 2016 markets report reviews wholesale market outcomes during March, April, and May 2016 

The Spring 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for March, April, and May of 2016. The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.02 billion, down 38% compared to the market value of $1.64 billion during the spring of 2015. The average real-time wholesale energy price was $22.10 per megawatt-hour, a decline of 40% compared to the spring of 2015. The year-over-year decline was driven by lower demand due to milder weather and lower natural gas prices that averaged $2.29 per million British thermal units, 45% lower than the average price during the spring of 2015. The report reviews the performance of Coordinated Transaction Scheduling (CTS), which was implemented December 15, 2015, to improve the efficiency of wholesale power trades between New England and New York. And the report examines the effects of revisions to the regulation market rules since July 2013.

Thursday
May262016

ISO-NE’s wholesale electricity and capacity markets were competitive in 2015

The 2015 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2015. The report found that average prices for both natural gas and wholesale electricity were the lowest since 2012. The average wholesale price for electric energy was $41 per megawatt-hour, and the total value of the region’s energy market was $5.9 billion.

View the press release and full report.

Friday
Mar212014

Jeffrey McDonald, PhD, named Vice President of Market Monitoring at ISO New England

Dr. McDonald will replace David LaPlante, who will retire later this year

Jeffrey McDonald, PhD, will join ISO New England as the new Vice President, Market Monitoring, on April 28, succeeding David LaPlante, current Vice President of Market Monitoring, who will retire this summer. Dr. McDonald currently serves as Manager of Market Analysis and Mitigation in the Market Monitoring department at the California ISO.

David LaPlante is retiring after a 30-year career in the power industry, including serving as ISO-NE’s Vice President of Market Monitoring since 2008. He previously served as Vice President, Wholesale Markets Strategy, overseeing the design and development of New England’s current wholesale electricity market design.

View the press release.