Entries in wholesale markets (30)

Monday
Jun242019

Now online: WEM 201 training materials

Training materials from Intermediate Wholesale Electricity Markets (WEM 201) conducted June 11-13, 2019, are now posted to the ISO New England website. This three-day course provides an intermediate-level treatment of energy market concepts, including unit commitment, locational marginal pricing (LMP), energy and reserve co-optimization, market interactions, settlement mechanics, and Financial Transmission Rights (FTRs). Email the training team with questions at MkTraining@iso-ne.com.

Thursday
May232019

ISO-NE’s wholesale electricity and capacity markets were competitive in 2018

The 2018 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2018. The report notes that the total cost of wholesale electricity markets was $12.1 billion in 2018, which represents an increase of about 32% over 2017. Of the total, energy costs rose 34% to $6 billion. The energy increase was driven by higher natural gas prices, particularly during winter, and higher power demand during a hot and humid summer. Capacity costs rose by $1.4 billion to $3.6 billion, reflecting higher clearing prices in the eighth and ninth Forward Capacity Auctions after a spate of generator retirements. Capacity costs will begin to decline after June 2019, reflecting the entry of new resources and a higher capacity surplus. Regional network load costs were $2.3 billion to pay for the use of transmission facilities and other services. The costs for reliability services such as operating reserve, regulation and net commitment period compensation, totaled about $200 million in 2018.

Monday
May132019

Now online: Training materials for WEM 101

Training materials from Introduction to Wholesale Electricity Markets (WEM 101) conducted on April 29-May 3, 2019, are now posted to the ISO New England website. This is a comprehensive five-day course about the New England wholesale electricity markets including an introduction to the Forward Capacity Market. It is intended for individuals who are new to the New England wholesale electricity markets or who need a refresher.

Monday
Apr292019

Download spring update of ISO-NE’s Annual Work Plan

ISO New England’s spring update to its Annual Work Plan is now online. The work plan, published each September, outlines major priorities and activities for the year that are designed to improve upon existing ISO systems, practices, and services to New England. Detailed within are expected timelines and objectives related to planning/operations, markets, and capital projects. The ISO seeks stakeholder input on its work plan by sharing and discussing it with the Participants Committee. Ultimately, the work plan helps inform the ISO’s annual budget. For updates on markets projects, see the Wholesale Markets Project Plan page.

Wednesday
Feb202019

Annual media briefing focuses on state of region's electric grid in 2019

ISO New England President and CEO Gordon van Welie updated reporters on the state of the region’s power system during a media briefing on February 20, 2019. New England’s power system is operating from a strong foundation, but vulnerabilities still exist. ISO New England is facing increasing complexities in operating the grid with a shifting resource mix, and in maintaining markets that are truly competitive while accommodating public policy goals. The briefing explored these issues, while providing more information on how New England’s power system is faring, what the ISO sees on the horizon, and preparations for the future grid. Also included is an appendix with facts and figures about the power system, including 2018 data.

Watch the briefing, or view van Welie’s presentation and remarks from the event.

Wednesday
Jan302019

ISO-NE CEO appears on "A CEO's Virtual Mentor" podcast

Gordon van Welie, ISO New England’s president and CEO, recently joined Tom Linquist, host of Leadership Lyceum’s A CEO’s Virtual Mentor podcast, to discuss the ISO’s role in New England’s evolving power system. During the 35-minute conversation, van Welie and Linquist discussed the origin of ISO New England and the changes in the industry over the past two decades. Throughout the show, van Welie talked about the region’s changing resource mix and how ISO staff work to integrate new resources. The podcast is available on the Leadership Lyceum website, as well as Apple Podcasts, Google Play, and Spotify.