Entries in wholesale markets (26)

Monday
Dec242018

Download the latest edition of ISO-NE’s Wholesale Markets Project Plan

The December release of 2018 Wholesale Markets Project Plan (WMPP) is now available on the ISO’s website. The WMPP describes the current status of market initiatives (including the progress of market projects cited in the Annual Work Plan) and is updated biannually in the summer and winter. Stakeholders can stay up-to-date on market projects by following them from introduction to implementation within the WMPP webpage, which consolidates access to the Annual Work Plan, WMPP, Markets Committee Two-Month Look-Ahead Forecast, Markets Committee meeting agendas and materials, Key Projects and a listing of Closed Market Design Projects. Quick links to FERC Filings and Orders and our Customer Readiness page are also available to further inform and support NEPOOL’s Principal Committees.

Thursday
Oct252018

Get ready to fall back to Eastern Standard Time  

New England will return to Eastern Standard Time (EST) on Sunday, November 4, 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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Monday
Oct012018

2019 Annual Work Plan outlines major ISO-NE priorities and activities for coming year

ISO New England’s 2019 Annual Work Plan is now online. The work plan, published each September and updated each March, 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.

Thursday
May172018

ISO-NE’s wholesale electricity and capacity markets were competitive in 2017

The 2017 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that the region’s wholesale power markets were competitive in 2017. The report notes that the total cost of wholesale electricity markets was $9.1 billion in 2017, which represents an increase of about 20% over 2016’s record-low costs. Energy costs made up $4.5 billion of the total, with both capacity costs and regional network load costs at $2.2 billion in 2017. The costs for reliability services such as operating reserve, regulation, and net commitment period compensation, totaled about $200 million.

Monday
Mar192018

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

ISO New England’s March 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.

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.

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