2016/2017 winter outlook: sufficient power supplies expected, but natural gas pipeline constraints a concern
December 5, 2016
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.
November 18, 2016
Lower demand, driven by milder weather, and lower natural gas prices pulled October’s average monthly power price down 30%, to $22.72 per megawatt-hour (MWh), compared to the October 2015 average price of $32.62/MWh. The wholesale power price during October was the sixth-lowest since the wholesale electricity markets in their current form were launched in 2003 in New England, and the natural gas price was the eighth-lowest during that time period. Total energy consumption in New England in October was the lowest of any October since 2000, and the fourth-lowest monthly consumption.
October 31, 2016
Registration is open for the Q4 Quarterly Settlements Issues Forum webinar that will be held on December 8, from 10:00-11:00 a.m. This quarterly webinar will include information on upcoming changes affecting ISO New England settlements and billing, and is open to interested market participants. Topics include subhourly settlements, fast start pricing and dispatch, dispatchable-asset-related demand (DARD) pump parameter changes, dispatch lost opportunity cost for Net Commitment-Period Compensation (NCPC), and other informational items.