Entries in market development (18)

Monday
May022016

ISO-NE launches web resources for tracking projects and preparing for changes

New customer readiness webpages, a new webpage for the annual work plan, and a redesigned Wholesale Markets Project Plan (WMPP) webpage are now online

ISO New England is pleased to announce several new online resources to help customers follow ISO projects and prepare for upcoming changes to ISO services and systems spanning its three roles: operating the grid, designing and administering wholesale electricity markets, and power system planning. The ISO regularly undertakes projects across these areas to both keep pace with industry changes and continuously improve its services to the region. Projects are developed through an open stakeholder process.

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Wednesday
Mar232016

ISO-NE report on market price formation highlights complexity of issue, regional improvements

Uplift costs are just 1–2% of the total energy market value in New England

On March 4, ISO New England filed its responses to Federal Energy Regulatory Commission (FERC) questions on price formation in wholesale electricity markets. The ISO report includes detailed answers to the technical, complex issues raised by FERC and highlights the significant strides made regionally to achieve pricing that accurately and transparently signals the costs of operating New England’s power system.

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Thursday
Feb042016

New England readies to move ahead with full integration of demand response after SCOTUS decision

With the US Supreme Court’s January 25 opinion on FERC v EPSA, New England now has a clear path forward for enabling demand-response resources to participate fully in the region’s wholesale electricity marketplace. The court opinion affirmed the ability of the Federal Energy Regulatory Commission (FERC) to establish rules for demand response—a matter that had been in question since May 2014 when the DC Circuit of the US Court of Appeals ruled that FERC did not have this jurisdiction. The ISO can now continue with its plans, which had been delayed by a year due to the legal challenges, to create opportunities and obligations comparable to those of generators for demand response to participate in wholesale electricity markets.

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Tuesday
Dec292015

Two major ISO-NE projects go live: Coordinated Transaction Scheduling (CTS) and Generation Control Application (GCA)

As 2015 draws to a close, ISO New England has completed the implementation of two capital projects that improve scheduling of wholesale electricity sales between neighboring regions and enhance the commitment and dispatch of fast-start generators, thereby helping to reduce wholesale costs in both regions. The Coordinated Transaction Scheduling (CTS) Project went live December 15 (see the press release), while the Generation Control Application (GCA) Project, a prerequisite for CTS, went live November 10.

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Thursday
Dec172015

New York ISO and ISO New England streamline energy exchange between regions 

Coordinated Transaction Scheduling Expected to Reduce Wholesale Electricity Costs

The New York Independent System Operator (NYISO) and ISO New England have implemented a new interregional market system that will streamline electric energy transactions and improve the flow of power between the two markets.  Introduced on December 15, Coordinated Transaction Scheduling (CTS) makes more efficient use of the transmission lines by enabling market participants to access the lowest-cost source of power between the two regions.

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Friday
May012015

ISO-NE issues white paper on potential approaches to demand resources in markets pending possible legal and regulatory outcomes

On April 17, ISO New England released the white paper Contingency Plan Addressing the Potential Loss of FERC Jurisdiction Over Demand Resources. It details possibilities for continued demand resource participation in New England, in response to uncertainty surrounding FERC Order No. 745, Demand Response Compensation in Organized Wholesale Energy Markets.

Order No. 745 was vacated in a May 2014 decision by the US Court of Appeals for the District of Columbia Circuit in Electric Power Supply Association v. FERC. An appeal was filed, and on May 4, 2015, the US Supreme Court agreed to review the decision. The Supreme Court's decision is expected by end of June 2016.

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