Entries in wholesale prices (34)

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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Wednesday
Jan232013

2012 wholesale electric energy prices dropped to lowest level since 2003

Lower natural gas prices and lower demand combine to push electricity prices down to a 10-year low

Preliminary figures from ISO New England show that wholesale electric energy prices dropped almost 23% in 2012, driven down by lower natural gas prices and lower demand. Additionally, the 2012 price was nearly 26% lower than the average price set in 2003, the year that ISO New England introduced wholesale competitive markets in their current form.

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Thursday
Sep272012

ISO-NE launches mobile app for smartphones

‘ISO to Go’ provides user-friendly access to information about the region’s power system and wholesale markets

Do you wonder what types of fuels are generating your electricity? Would you like to see real-time power grid conditions? How about real-time wholesale electricity prices in your New England hometown? There’s an app for that!

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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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