Entries in market development (21)

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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Tuesday
Jun172014

ISO-NE CEO visits NECN to discuss natural gas dependency, other challenges affecting the regional grid

The New England Cable News (NECN) station welcomed Gordon van Welie, president and CEO of ISO New England, on June 10, to be a guest on their show “CEO Corner,” hosted by business editor Peter Howe.

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Friday
May232014

FCA #9: New offer review trigger prices (ORTPs) are accepted by FERC

Revised ORTPs went into effect May 13

On May 12, 2014, the Federal Energy Regulatory Commission (FERC) approved several revisions ISO New England proposed to offer review trigger prices (ORTPs) in the Forward Capacity Market (FCM). The new ORTPs are effective May 13, 2014, to ensure that market participants preparing qualification packages for the ninth Forward Capacity Auction (FCA #9) have certainty regarding the applicable ORTPs in advance of the June 17, 2014, qualification deadline.

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Tuesday
Apr012014

ISO-NE and NEPOOL submit proposal to establish sloped demand curve for future Forward Capacity Market auctions

A sloped demand curve will moderate price volatility and eliminate administrative pricing

ISO New England and the New England Power Pool have filed a joint proposal with the Federal Energy Regulatory Commission to establish a sloped demand curve for use in future Forward Capacity Market (FCM) auctions. Each year, ISO New England holds an auction to purchase the amount of capacity (both generation and demand-side resources) that will be needed to satisfy demand for electricity for a one-year commitment period three years into the future.

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