Entries in natural gas (39)

Friday
Apr042014

Oil inventory was key in maintaining power system reliability through colder-than-normal weather during winter 2013/2014

The frigid temperatures that gripped much of the nation this winter posed operational challenges to the New England power grid, led to spikes in natural gas and wholesale electricity prices, and further highlighted issues related to resource performance and the importance of a secure fuel supply. In light of these challenges, here and across the country, the Federal Energy Regulatory Commission (FERC) hosted a Technical Conference on April 1, to hear from ISO New England, New York ISO, PJM Interconnection, Southwest Power Pool, Midcontinent ISO, California ISO, and other industry representatives about the impact of the cold weather on power system operations in different parts of the country.

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Tuesday
Mar182014

Higher natural gas prices pushed up prices for wholesale electric energy in 2013

Pipeline constraints and higher demand pushed up prices for both natural gas and power

Natural gas pipeline constraints and higher demand in New England caused the average price of natural gas to rise 76% in 2013, which in turn pushed the wholesale electric energy price up by 55% over 2012’s record low price. Natural gas is the predominant fuel used to generate the region’s electricity, at about 46% of total generation in 2013, so wholesale power prices tend to track the price of natural gas. Preliminary data show that the wholesale energy price averaged $56.06 per megawatt-hour (MWh) in 2013, while natural gas averaged $6.97 per million British thermal units (MMBtu). The wholesale energy price was 30% lower than the all-time high of $80.56/MWh during 2008.

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Tuesday
Jan282014

New England Governors announce proposal to expand regional energy infrastructure

The six New England governors have announced a cooperative regional initiative designed to expand energy infrastructure in New England.

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Friday
Dec132013

ISO-NE CEO opinion article on New England’s natural gas dependency and its effect on grid reliability published in industry magazine 

Transmission & Distribution World Magazine, a publication geared toward electric power industry professionals, recently published an opinion piece by Gordon van Welie, ISO New England’s CEO, on New England’s growing dependence on natural gas to fuel half of the region’s electricity needs, the reliability concerns associated this dependence, and the need for regional collaboration to ensure that New England consumers can continue to have reliable electricity in the future.

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Wednesday
Dec042013

SPI News: Update on New England natural gas system study

Two whitepapers recently published as part of Phase Two of the study

Since identifying the region’s reliance on natural gas for electricity production as a key strategic risk for New England in 2010, a number of studies on the capability of the region’s natural gas system to serve increasing demand have been conducted and are continuing to help the ISO and the electric industry better understand this challenge and its effect on power system reliability.

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Wednesday
Sep182013

FERC accepts ISO-NE's proposed winter 2013/2014 reliability program

Updated on Wednesday, October 16, 2013 at 9:12AM by Registered CommenterISO New England

The Federal Energy Regulatory Commission (FERC) has conditionally accepted ISO New England’s proposed reliability program for the 2013/2014 winter, concluding that the proposal is an appropriate solution to the reliability challenges this coming winter, given the program’s interim nature. FERC conditioned its acceptance on revision of the proposal to allocate costs to real-time load obligation, which is paid by load-serving entities, rather than to regional network load, which is paid by transmission owners.

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