Entries in wholesale prices (50)

Friday
Mar022018

Fall 2017 markets report reviews wholesale market outcomes during September, October, and November 2017 

The Fall 2017 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for September, October, and November of 2017.

The Fall 2017 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.74 billion, up 49% compared to the market value of $1.17 billion during the fall of 2016. The average real-time wholesale energy price was $30.45 per megawatt-hour, 23% higher than the average real-time price in fall 2016. Higher Forward Capacity Market prices were the biggest contributor to the increase in wholesale market costs relative to Fall 2016. Capacity costs totaled $769 million in Fall 2017, up 170% compared to Fall 2016. Energy costs totaled $925 million, up 12% compared to the prior fall. The year-over-year increase was primarily driven by natural gas prices that averaged $2.71 per million British thermal units, 10% higher than the average price during the fall of 2016. 

Wednesday
Feb282018

Monthly wholesale electricity prices and demand in New England, January 2018

Energy market value in January totaled $1.3 billion, second only to January 2014

Extreme cold weather at the beginning of January caused the average price of natural gas to triple during the month, causing the price of wholesale power to nearly triple as well, compared to January 2017.

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Wednesday
Jan312018

Monthly wholesale electricity prices and demand in New England, December 2017

Energy market transactions in December totaled $856 million, with nearly half incurred in the last week

Extreme cold weather at the end of December caused the average price of natural gas to rise more than 40% for the month, pushing the price of wholesale power up nearly 50% higher than the wholesale power price in December 2016. A cold snap that began December 26 pushed up demand for both natural gas and electricity, raising prices and resulting in a total energy market value of $856 million for the month. The bulk of that energy market value came in the last week of the month, during the cold snap, when the energy market value was $395.6 million for just one week.

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Sunday
Jan072018

Power Systems Update: New England grid operations through recent bitter cold weather and preparation for winter storm

January 7 Power Systems Update 

As of Sunday, January 7, New England’s bulk power system continues to operate reliably during this extremely frigid weather covering New England and the Northeast. Nevertheless, managing the region’s power system through these conditions continues to be challenging, primarily because of fuel availability.

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Wednesday
Dec272017

Summer 2017 markets report reviews wholesale market outcomes during June, July, and August 2017

The Summer 2017 Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England reviews wholesale energy market outcomes for the three-month period from June 1 through August 31, 2017.

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Thursday
Dec212017

Monthly wholesale electricity prices and demand in New England, November 2017

The average wholesale electricity price rose in November on higher natural gas prices

A 32% increase in natural gas prices was the primary reason the monthly average price for wholesale electricity in rose by by 37% in November. The November real-time power price was $33.30 per megawatt-hour (MWh)* compared to the November 2016 price of $24.30/MWh.

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