Entries in wholesale markets (29)

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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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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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
Aug312016

ISO New England CEO joins thousands in power industry, speaks at 2016 CIGRE Session in Paris

ISO New England CEO Gordon van Welie was invited to speak at the 2016 CIGRE Session held in Paris, France on August 21 – 26, 2016. CIGRE, the International Council on Large Electric Systems, holds week-long sessions every two years attracting thousands of senior executives, engineers, and experts from the worldwide power industry to discuss emerging issues and opportunities for high-voltage electric systems.

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