Entries in wholesale markets (21)

Friday
Apr042014

Oil inventory was key in maintaining power system reliability through colder-than-normal weather during winter 2013/2014

The frigid temperatures that gripped much of the nation this winter posed operational challenges to the New England power grid, led to spikes in natural gas and wholesale electricity prices, and further highlighted issues related to resource performance and the importance of a secure fuel supply. In light of these challenges, here and across the country, the Federal Energy Regulatory Commission (FERC) hosted a Technical Conference on April 1, to hear from ISO New England, New York ISO, PJM Interconnection, Southwest Power Pool, Midcontinent ISO, California ISO, and other industry representatives about the impact of the cold weather on power system operations in different parts of the country.

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Wednesday
May222013

SPI News: Day-Ahead Energy Market timeline changes go into effect May 23 for May 24 operating day

A major goal of the Strategic Planning Initiative, the market change is an important step for region

On April 25, the Federal Energy Regulatory Commission (FERC) issued an order approving acceleration of the daily schedule for bidding in and clearing New England’s Day-Ahead Energy Market. The market changes go into effect May 23 for operating day May 24, 2013.

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Monday
Apr232012

ISO-NE, NYISO to implement Coordinated Transaction Scheduling

Efficiency Gains Expected to Reduce Wholesale Electricity Costs

Last week the Federal Energy Regulatory Commission (FERC) approved tariff revisions that will improve scheduling of wholesale electricity sales between ISO New England and the New York Independent System Operator and reduce costs for consumers in both regions. Coordinated Transaction Scheduling (CTS) will increase the frequency of scheduling energy transactions, making more efficient use of the transmission lines connecting the regions; enable the two ISOs to coordinate selection of the most economic transactions; and remove several fees that may impede efficient trade between regions. These changes have the potential to save millions of dollars annually and will improve the ability of market participants to access the lowest-cost source of power within the two regions.

Read the press release.

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