Entries in wholesale markets (21)

Monday
Apr242017

ISO-NE publishes discussion paper on proposed solution to harmonize competitive markets and subsidized resources

ISO New England has published "Competitive Auctions with Subsidized Policy Resources." This discussion paper details the ISO’s proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. Read highlights of the proposal published last week.

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Friday
Apr212017

ISO-NE proposes solution to harmonize competitive markets and subsidized resources

ISO New England has posted a four-page outline of its proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. The ISO’s concept proposes to closely coordinate the entry of (subsidized) new resources with the exit of (unsubsidized) existing capacity resources. A more detailed paper explaining the proposal will be released in the near future.

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Monday
Apr102017

Spring update to ISO-NE’s Annual Work Plan is now online

ISO New England has posted the March update to its Annual Work Plan (AWP). The AWP outlines major priorities and activities for a 21-month period designed to improve existing ISO systems, practices, and services to New England. It also details on expected timelines and objectives for planning, operations, markets, and capital projects. The plan is published in the fall and updated in the spring.

Monday
Jan302017

Media briefing focuses on state of region’s electric grid 

ISO New England President and CEO Gordon van Welie provided reporters with an update on the state of New England’s electric system during a media briefing on Monday, January 30, 2017, held as part of the ISO on Background series. The briefing included information on New England’s power grid, the continuing transformation of the fuel resource mix and the fundamental challenges facing the region moving forward. New England is in the midst of a transition away from coal- and oil-fired power plants and towards a “hybrid” power system of larger generators, including renewable resources, and small behind-the-meter resources at customer sites. However, demand for natural gas continues to rise, challenging the region’s fuel security—the assurance that sufficient fuel will be available for power plants to generate the electricity when needed. 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
Jan112017

US Department of Energy releases Quadrennial Energy Review 1.2

The US Department of Energy (DOE) has released the second installment of its Quadrennial Energy Review (QER 1.2), examining an array of issues and trends affecting the electric system in North America, from bulk power generation to end user, out to 2040. The report, titled “Transforming the Nation’s Electricity System,” finds that the electric system is a critical and essential national asset and that it is a strategic imperative to protect and enhance the value of the system through modernization and transformation. The QER 1.2 conducts its analysis within the context of three overarching national goals: enhancing economic competitiveness, promoting environmental responsibility, and providing for the nation’s security. 

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Wednesday
Oct122016

Get ready to fall back to Eastern Standard Time  

New England will return to Eastern Standard Time (EST) on Sunday, November 6, when at 2:00 a.m., clocks must be set back one hour to 1:00 a.m. Each of the ISO's market applications is unique and will function differently during this transition. Here are the things market participants need to know to prepare.

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