Entries in wholesale markets (26)

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.

Tuesday
Jan302018

The benefits of competitive markets: Boston Business Journal publishes opinion piece by ISO-NE CEO

An opinion piece by Gordon van Welie, president and CEO of ISO New England, appeared in January in the Boston Business Journal. “Viewpoint: Competitive electricity markets have transformed New England’s power grid” outlines the transformation of the regional power grid that has been accomplished by 20 years of competitive wholesale electricity markets. The op-ed notes that competition sends economic signals that encourage investment in power plants, transmission, and new technologies, and the markets have shifted investment risks from ratepayers to investors. “The result has been wholesale power prices that accurately reflect the cost of producing power, and a more reliable, cleaner power grid.” (A subscription to the journal may be required to access the article).

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.

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Friday
Jul282017

ISO-NE CEO emphasizes importance of market changes, fuel security in appearance before Congress

On July 26, Gordon van Welie, President & CEO of ISO New England, testified on Capitol Hill on the ISO’s efforts to further electric reliability and prepare wholesale electricity markets for an expected influx of renewable energy resources driven by state public policy initiatives. At the hearing, the US House Committee on Energy & Commerce’s Energy Subcommittee heard from representatives from all seven U.S. Independent System Operators and Regional Transmission Organizations on the benefits of wholesale markets as well initiatives undertaken by individual ISO/RTOs to meet regionally-specific challenges.

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Wednesday
May032017

ISO-NE Chief Economist participates in FERC technical conference on markets and state policies

On May 1 and 2, ISO New England Chief Economist Dr. Matthew White participated in a Federal Energy Regulatory Commission (FERC) technical conference to “explore how the competitive wholesale markets can select resources of interest to state policy makers while preserving the benefits of regional markets and economic resource selection.” Dr. White joined two panels comprised of representatives from neighboring grid operators, the New England states, and other regional stakeholders.

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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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