Entries in renewable resources (63)

Monday
Mar122018

FERC issues order accepting CASPR revisions to Forward Capacity Market

The Federal Energy Regulatory Commission (FERC) issued an order on March 9, 2018, accepting ISO New England’s CASPR proposal in its entirety and rejecting all of the arguments raised in protests. The Commission notes that out-of-market state revenues can result in building more capacity than a region needs, overpayment by consumers for capacity, inefficiently low capacity market prices and the erosion of investor confidence. The Commission concludes that the CASPR proposal, along with the New England region’s minimum offer price rules (MOPR), appropriately addresses the issues associated with out-of-market state revenues while ensuring that the overall capacity market can continue to attract and maintain appropriate levels of new resource investment.

Click to read more ...

Wednesday
Feb282018

Annual media briefing focuses on state of region’s electric grid in 2018

As part of the ISO on Background series, ISO New England President and CEO Gordon van Welie provided reporters with an update on the state of New England’s power system during a media briefing on February 27, 2018. The briefing included an assessment of the regional power grid in 2018, as well as an overview of the current challenges. van Welie reported that New England’s power grid continues to operate reliably and the wholesale markets continue to provide competitive prices. However, the region’s growing fuel security risk, highlighted by a recent stretch of cold weather, is making reliable operations more tenuous. Competitive pricing in the wholesale markets is challenged by public policy initiatives to procure clean energy at above-market prices. View van Welie’s presentation and remarks from the event. Watch the briefing, or view van Welie’s presentation and remarks from the event.

ISO on Background is a series of periodic briefings designed to provide members of the media with an informal opportunity to learn more about the trends affecting New England’s electricity industry and ISO New England’s role in the region’s power system.

Wednesday
Jan312018

Regional air emissions 2016: long-term reduction trends continue

Since 2001, SO2 down 98%, NOx down 73%, CO2 down 29%

Driven primarily by a decrease in coal and oil generation, regional emissions of sulfur dioxide (SO2), nitrogen oxides (NOx), and carbon dioxide (CO2) declined between 2015 and 2016, according to data compiled for the 2016 ISO New England Electric Generator Air Emissions Report. The year-over-year declines continued long-term reductions in the emissions generated by the region’s power plants.

Click to read more ...

Monday
Jan082018

ISO-NE files proposal to harmonize competitive markets and state-sponsored resources 

ISO New England today filed proposed tariff changes with the Federal Energy Regulatory Commission (FERC) designed to help accommodate the entry of state-sponsored renewable resources into the Forward Capacity Market (FCM) over time, while protecting the competitive pricing mechanisms that enable the market to work as designed. The ISO’s proposal, Competitive Auctions with Sponsored Policy Resources (CASPR), was developed following the New England Power Pool’s (NEPOOL) Integrating Markets and Public Policy (IMAPP) process, a stakeholder forum aimed at identifying and discussing potential wholesale market design changes that would enable competitive markets to better accommodate state public policy objectives in New England.

Click to read more ...

Thursday
Nov022017

ISO-NE issues power system plan for New England

ISO New England Inc. has issued its 2017 Regional System Plan (RSP17), the biennial report that provides the foundation for long-term power-system planning in New England. RSP17 was approved by the ISO New England board of directors on Nov. 2. The comprehensive report details power system needs for the next 10 years, through 2026, and how these needs can be addressed. Read the press release.

Tuesday
Oct032017

ISO-NE employees recognized with INFORMS award

Several ISO New England employees have been recognized by INFORMS, a leading international association for operations research and analytics professionals, for their paper addressing the challenges associated with operating large-scale electric power systems in light of the increasing penetration of wind and solar power generation.

A collaboration between ISO New England and the Georgia Institute of Technology, the paper, “Multistage Adaptive Robust Optimization for the Unit Commitment Problem,” was recently named the INFORMS ENRE Best Publication Award in Energy, an annual award given to the best refereed journal article in the areas of energy, natural resources, and the environment.

Click to read more ...