Entries in market development (18)

Thursday
Jun292017

ISO-NE marks 20th anniversary

This year marks the 20th anniversary of ISO New England, commemorating two decades of reliable grid operation, the development and administration of new competitive wholesale electricity markets, and planning for the long-term reliability of the system.

Since its creation on July 1, 1997, ISO New England has been a stable presence in an ever-changing energy industry landscape. Learn more about New England's industry progress over the past 20 years and read the press release.

Wednesday
May032017

ISO-NE Chief Economist participates in FERC technical conference on markets and state policies

On May 1 and 2, ISO New England Chief Economist Dr. Matthew White participated in a Federal Energy Regulatory Commission (FERC) technical conference to “explore how the competitive wholesale markets can select resources of interest to state policy makers while preserving the benefits of regional markets and economic resource selection.” Dr. White joined two panels comprised of representatives from neighboring grid operators, the New England states, and other regional stakeholders.

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Monday
Apr242017

ISO-NE publishes discussion paper on proposed solution to harmonize competitive markets and subsidized resources

ISO New England has published "Competitive Auctions with Subsidized Policy Resources." This discussion paper details the ISO’s proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. Read highlights of the proposal published last week.

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Friday
Apr212017

ISO-NE proposes solution to harmonize competitive markets and subsidized resources

ISO New England has posted a four-page outline of its proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. The ISO’s concept proposes to closely coordinate the entry of (subsidized) new resources with the exit of (unsubsidized) existing capacity resources. A more detailed paper explaining the proposal will be released in the near future.

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Monday
Jul112016

FERC OKs enhanced system-wide and zonal demand curves for Forward Capacity Auction

New sloping curves more effectively balance reliability and economics in establishing capacity commitments

On June 28, 2016, the Federal Energy Regulatory Commission (FERC) issued an order accepting the joint proposal by ISO New England and the New England Power Pool (NEPOOL) to implement enhanced system-wide and zonal demand curves for the Forward Capacity Market (FCM), beginning with the eleventh Forward Capacity Auction in 2017. As part of the accepted proposal, a transition mechanism will reduce potential abrupt changes resulting from the new curves. The ISO and NEPOOL submitted the proposal on April 15, 2016.

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Wednesday
Jun222016

New energy-storage options emerging in New England; ISO-NE publishes primer and makes FERC filing on market participation

June 22 update: Information added on ISO-NE’s May FERC filing. Proposed project megawatts (MW) were also updated to reflect the withdrawal of 50 MW of battery storage to have been included as part of a proposed new natural-gas-fired generator.

For the first time, grid-scale (or utility-scale) battery storage projects are seeking to join New England’s regional power system. Late last year, three projects with a combined 94 megawatts (MW) in nameplate capacity applied for interconnection in Maine, with one planning to go live by the end of 2016 and the other two in 2019.*

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