Entries in natural gas (39)

Thursday
Dec182014

Energy market offer flexibility project explained: Q&A with Vamsi Chadalavada, ISO-NE’s executive VP and COO

On December 3, 2014, ISO New England completed major enhancements to the region’s wholesale energy market that will allow for more accurate price signals in the market and improve power grid reliability. View the press release, and continue reading to learn from Vamsi Chadalavada, ISO New England’s executive vice president and chief operating officer, about the Energy Market Offer Flexibility project, the reasons for undertaking such a massive project, and the benefits to the region’s wholesale electricity markets and to power system reliability.

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Friday
Nov142014

How wholesale electricity costs factor into your retail bill

Limited natural gas availability is driving up wholesale electricity prices and ultimately retail prices

Every month, consumers across New England receive an electric bill from their local utility that includes charges associated with keeping the lights on. A typical residential electric bill generally includes two types of charges: the cost of delivering power and the cost of power itself.

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Monday
Jul142014

ISO-NE and NEPOOL file proposal with FERC to implement a Winter Reliability Program for winter 2014/2015

Updated on Tuesday, April 7, 2015 at 10:00AM by Registered CommenterISO New England

On July 11, 2014, ISO New England and the New England Power Pool (NEPOOL) filed with the Federal Energy Regulatory Commission (FERC) a proposal to implement a revised Winter Reliability Program (WRP) for the upcoming winter (2014/2015). This past winter, the ISO implemented the first WRP, which helped to increase the amount of oil inventory held by oil and dual-fuel generators in the region. The program proved to be critical in keeping the lights on throughout colder-than-normal winter conditions. That first WRP was intended to be a one-time solution to bridge a reliability gap. However, ISO New England’s operational experience last winter and other developments have prompted the ISO and NEPOOL to seek approval of another program to mitigate significant reliability concerns for the upcoming winter.

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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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Thursday
May292014

ISO-NE CEO discusses the grid’s progress, challenges ahead on New Hampshire Public Radio show

On May 29, Gordon van Welie, president and chief executive officer of ISO New England, was a guest on the live New Hampshire Public Radio (NHPR) talk show, “The Exchange.” During the hour-long program, hosted by Laura Knoy, van Welie discussed challenges facing the New England power grid, including region’s increased dependence on natural gas to produce electricity, the upcoming retirement of power plants, and integrating more renewable energy sources like solar and wind. He also fielded questions from listeners who called in.

Listen to the interview, and read the related posting on the NHPR website.

Thursday
May292014

SPI News: One year after shift in Day-Ahead Energy Market timeline, ISO-NE reports positive results to FERC

Just over a year ago, changes accelerating the Day-Ahead Energy Market (DAM) and Reserve Adequacy Analysis (RAA) timelines went into effect in New England. ISO New England and NEPOOL proposed the revisions in an effort to better align the timing of the region’s wholesale electricity and natural gas markets with the goal of improved reliability of the New England power grid. In an order accepting an acceleration of the timelines, the Federal Energy Regulatory Commission also directed the ISO to submit a report on the impact the changes have had on operations one year after they went into effect. On May 23, the ISO published an Informational Report finding that the modifications have incrementally improved gas-electric coordination.

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