Entries in winter (16)

Friday
Feb172017

Fall 2016 markets report reviews wholesale market outcomes during September, October, and November 2016 

The Fall 2016 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 2016.

The Fall 2016 Quarterly Markets Report notes that the total wholesale cost of electricity (including energy, capacity, and ancillary services) during the three-month period was $1.17 billion, down 17% compared to the market value of $1.40 billion during the fall of 2015. The average real-time wholesale energy price was $24.72 per megawatt-hour, 22% lower than the average real-time price in fall 2015. The year-over-year decline was driven by natural gas prices that averaged $2.45 per million British thermal units, 21% lower than the average price during the fall of 2015. Lower demand was also a factor; energy usage declined 3%, to 28,812 gigawatt-hours, in fall 2016 from the fall 2015 level.

For more, read Winter 2015/2016 recap: New England power system performed well and prices remained low.

Tuesday
Jan172017

Update on the 2016/2017 Winter Reliability Program

For the fourth year in a row, a winter reliability program is in effect to help augment fuel adequacy in New England. In September 2015, the Federal Energy Regulatory Commission approved a program for the winters of 2015/2016 to 2017/2018 to address seasonal reliability challenges created by constraints on New England’s interstate natural gas pipeline system. The previous programs proved to be cost-effective, short-term solutions to help keep the lights on in New England during very cold winter days.

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Monday
Dec052016

2016/2017 winter outlook: sufficient electricity supplies expected

Natural gas pipeline constraints remain a concern, Winter Reliability Program implemented

Electricity supplies should be sufficient to meet New England’s consumer demand for electricity this winter, but possible natural gas pipeline constraints could limit electricity production from natural gas power plants. A Winter Reliability Program has been implemented to incentivize gas and oil-fired power plants to procure sufficient fuel before winter begins. View the press release.

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Monday
Aug222016

Requests to participate in 2016/2017 Winter Reliability Program due October 1

Market participants: Requests to participate in the Oil Program, LNG Program, or Demand Response Program are due to ISO New England Customer Service by October 1, 2016. 

Read FERC approves reliability program for winters 2015/2016, 2016/2017, and 2017/2018 to learn more about the Winter Reliability Program and why the ISO is implementing these programs for the coming three winters.

See the Winter Program Payment Rate page for details on payment rates.

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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Friday
Apr152016

Eastern Interconnection planning authorities analyzed interregional impacts and transfer capabilities for 2025 summer and winter peak hours

ISO New England and other electric power system planning authorities are members of a collaborative that plans and conducts studies for the entire Eastern Interconnection. The Eastern Interconnection Planning Collaborative (EIPC) studies are used to support state, provincial, regional, and federal policy decision making. EIPC has recently published its latest analysis, the Report for 2025 Summer and Winter Roll-Up Integration Cases

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