Entries in market development (18)


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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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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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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ISO, stakeholders discuss capacity market reforms at roundtable in Boston

On Friday, February 28, 2014, Robert Ethier, Vice President of Markets Development, delivered a presentation at the New England Electricity Restructuring Roundtable on enhancing the Forward Capacity Market (FCM) to improve resource performance and investment in New England—challenges identified through the Strategic Planning Initiative.

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SPI News: Day-Ahead Energy Market timeline changes go into effect May 23 for May 24 operating day

A major goal of the Strategic Planning Initiative, the market change is an important step for region

On April 25, the Federal Energy Regulatory Commission (FERC) issued an order approving acceleration of the daily schedule for bidding in and clearing New England’s Day-Ahead Energy Market. The market changes go into effect May 23 for operating day May 24, 2013.

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March 1 marks 10th anniversary of “Standard Market Design”

Ten years ago, on March 1, 2003, ISO New England replaced the preliminary wholesale electricity market rules, procedures, and operating systems first introduced in the region in 1999 with what we called Standard Market Design (SMD). Based on our experience and that of other ISOs running electricity markets, SMD significantly expanded and refined New England’s marketplace. It added new features such as the Day-Ahead Energy Market and locational marginal pricing that gave market participants better tools to protect against price volatility and also revealed the true cost of producing and supplying power at various locations on the power system. Today, we use the same system to price wholesale electricity in New England—a testament to the hard work and careful consideration that resulted from the cooperative and robust stakeholder process. Of course, we’ve continued to build on SMD’s foundation, enhancing our suite of markets to ensure an efficient and reliable power system in New England. View the 2013 Wholesale Markets Project Plan for a look at what market enhancements are planned or underway for this year.

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