Entries in wholesale markets (21)

Thursday
May262016

ISO-NE’s wholesale electricity and capacity markets were competitive in 2015

The 2015 Annual Markets Report, issued by the Internal Market Monitor at ISO New England, concluded that New England’s wholesale power markets were competitive in 2015. The report found that average prices for both natural gas and wholesale electricity were the lowest since 2012. The average wholesale price for electric energy was $41 per megawatt-hour, and the total value of the region’s energy market was $5.9 billion.

View the press release and full report.

Thursday
Apr212016

Winter 2015/2016 recap: New England power system performed well and prices remained low

Compared to winters past, the winter of 2015-2016 featured above-average temperatures and a brief cold snap in February. Many in the region have called it the “the winter that wasn’t.”

According to the National Oceanic and Atmospheric Administration (NOAA), this winter was the warmest on record in the US. The average temperature in the lower 48 states was 36.8°F, which is 4.6°F above the 20th-century average. That beats the previous record of 36.5 degrees set in the winter of 1999-2000.

Click to read more ...

Wednesday
Mar232016

ISO-NE report on market price formation highlights complexity of issue, regional improvements

Uplift costs are just 1–2% of the total energy market value in New England

On March 4, ISO New England filed its responses to Federal Energy Regulatory Commission (FERC) questions on price formation in wholesale electricity markets. The ISO report includes detailed answers to the technical, complex issues raised by FERC and highlights the significant strides made regionally to achieve pricing that accurately and transparently signals the costs of operating New England’s power system.

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Thursday
Dec182014

Energy market offer flexibility project explained: Q&A with Vamsi Chadalavada, ISO-NE’s executive VP and COO

On December 3, 2014, ISO New England completed major enhancements to the region’s wholesale energy market that will allow for more accurate price signals in the market and improve power grid reliability. View the press release, and continue reading to learn from Vamsi Chadalavada, ISO New England’s executive vice president and chief operating officer, about the Energy Market Offer Flexibility project, the reasons for undertaking such a massive project, and the benefits to the region’s wholesale electricity markets and to power system reliability.

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Friday
Nov142014

How wholesale electricity costs factor into your retail bill

Limited natural gas availability is driving up wholesale electricity prices and ultimately retail prices

Every month, consumers across New England receive an electric bill from their local utility that includes charges associated with keeping the lights on. A typical residential electric bill generally includes two types of charges: the cost of delivering power and the cost of power itself.

Click to read more ...

Thursday
May292014

ISO-NE CEO discusses the grid’s progress, challenges ahead on New Hampshire Public Radio show

On May 29, Gordon van Welie, president and chief executive officer of ISO New England, was a guest on the live New Hampshire Public Radio (NHPR) talk show, “The Exchange.” During the hour-long program, hosted by Laura Knoy, van Welie discussed challenges facing the New England power grid, including region’s increased dependence on natural gas to produce electricity, the upcoming retirement of power plants, and integrating more renewable energy sources like solar and wind. He also fielded questions from listeners who called in.

Listen to the interview, and read the related posting on the NHPR website.