Entries in wholesale markets (23)

Thursday
Jun302016

External Market Monitor issues 2015 annual market assessment 

ISO New England's External Market Monitor (EMM) has released its Annual Assessment of Electricity Markets in New England, which is an evaluation of the efficiency and competitiveness of New England’s wholesale electricity markets during 2015. The report, published in June 2016, provides a summary of market outcomes and assesses the enhancements made over the past year to help improve market operation and competitiveness.

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Tuesday
Jun282016

ISO-NE submits comments to US Department of Energy on 2016 Quadrennial Energy Review

ISO highlights importance of efficient wholesale markets; notes that additional energy infrastructure is needed to maintain reliability and meet regional environmental goals

On June 28, Gordon van Welie, President & CEO of ISO New England, submitted comments to the US Department of Energy (DOE) as it prepares to write the second iteration (“Version 1.2”) of its Quadrennial Energy Review (QER). For the 2016 QER, the DOE is focusing on the entirety of the electric system in the United States and North America from bulk power generation to end user.

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Thursday
Jun232016

In brief: ISO-NE publishes markets and grid profile summaries

Putting Markets to Work for New England is a one-sheet summary of the key principles that shaped the region’s wholesale electricity markets and explains the main functions of the various markets. The document highlights the resource transformation underway in New England, the competitiveness of the region’s markets, the role of the capacity market, and the interactions between wholesale markets and public policy requirements. The New England Power Grid 2015–2016 Profile is a one-sheet summary of key facts and figures on the region’s demand growth, resource mix, transmission development, and wholesale electricity prices. Download them today! Also check out the Key Grid and Market Stats webpages for background and supplementary information.

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.

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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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