Entries in quarterly prices (5)

Wednesday
Aug302017

Spring 2017 markets report reviews wholesale market outcomes during March, April, and May 2017 

The Spring 2017 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for the three-month period from March 1 through May 31, 2017.

The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.3 billion, up 26% compared to the market value of $1.0 billion during the spring of 2016. The average day-ahead wholesale energy price was $30.78 per megawatt-hour (MWh), up 32% over the average day-ahead price during spring 2016, while the real-time price was $31.92/MWh, 44% higher than the average real-time price during the previous spring. The year-over-year increase was driven by natural gas prices that were 54% higher, averaging $3.59 per million British thermal units (MMBtu) compared to the $2.33/MMBtu average price during the previous spring. Unseasonably cold temperatures during March 2017 compared with March 2016 drove most of the year-over-year increase in quarterly average prices. In March 2017, natural gas averaged $4.46/MMBtu, a 127% increase over the historically low natural gas prices seen during the previous March.

Monday
May082017

Winter 2017 markets report reviews wholesale market outcomes during December 2016 and January and February 2017

The Winter 2017 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for the three-month period from December 1, 2016, through February 28, 2017.

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Friday
Feb172017

Fall 2016 markets report reviews wholesale market outcomes during September, October, and November 2016 

The Fall 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for September, October, and November of 2016.

The Fall 2016 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.17 billion, down 17% compared to the market value of $1.40 billion during the fall of 2015. The average real-time wholesale energy price was $24.72 per megawatt-hour, 22% lower than the average real-time price in fall 2015. The year-over-year decline was driven by natural gas prices that averaged $2.45 per million British thermal units, 21% lower than the average price during the fall of 2015. Lower demand was also a factor; energy usage declined 3%, to 28,812 gigawatt-hours, in fall 2016 from the fall 2015 level.

For more, read Winter 2015/2016 recap: New England power system performed well and prices remained low.

Thursday
Dec082016

Summer 2016 markets report reviews wholesale market outcomes during June, July, and August 2016 

The Summer 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for June, July, and August of 2016.The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.56 billion, up 13% compared to the market value of $1.38 billion during the summer of 2015. The average real-time wholesale energy price was $30.35 per megawatt-hour, a rise of 13% compared to the summer of 2015. The year-over-year increase was driven by 2% higher average demand due to hotter weather, particularly in August, and natural gas prices that averaged $2.68 per million British thermal units, 31% higher than the average price during the summer of 2015.

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Wednesday
Sep072016

Spring 2016 markets report reviews wholesale market outcomes during March, April, and May 2016 

The Spring 2016 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for March, April, and May of 2016. The report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.02 billion, down 38% compared to the market value of $1.64 billion during the spring of 2015. The average real-time wholesale energy price was $22.10 per megawatt-hour, a decline of 40% compared to the spring of 2015. The year-over-year decline was driven by lower demand due to milder weather and lower natural gas prices that averaged $2.29 per million British thermal units, 45% lower than the average price during the spring of 2015. The report reviews the performance of Coordinated Transaction Scheduling (CTS), which was implemented December 15, 2015, to improve the efficiency of wholesale power trades between New England and New York. And the report examines the effects of revisions to the regulation market rules since July 2013.