day-ahead ancillary services market
© RTO Insider
Just a few weeks after taking over as CEO of ISO-NE, Vamsi Chadalavada faced a trial-by-fire introduction to the job.
ISO-NE
With costs associated with ISO-NE’s new day-ahead ancillary services market far exceeding expectations, the RTO is working to fast-track changes to improve the efficiency of the market in time for next winter.
© RTO Insider LLC
New England experienced record high energy costs in the month of January amid cold weather, high gas prices and a heavy reliance on oil-fired generation.
ISO-NE
ISO-NE’s new day-ahead ancillary services market added about $258 million in incremental costs between March and August, equal to 7.6% of total energy market costs.
© RTO Insider LLC
The NEPOOL Participants Committee voted nearly unanimously to support the first phase of ISO-NE’s capacity auction reform project.
State of Massachusetts
FERC approved ISO-NE’s proposal to create a day-ahead ancillary services market and retire the current Forward Reserve Market, effective March 1, 2025.
ISO-NE
NEPOOL's Markets Committee approved changes to the Inventoried Energy Program intended to get the winter reliability program in line with global energy markets.
Fletcher, CC BY-SA 4.0, via Wikimedia Commons
ISO-NE continued to elaborate its proposed methods for de-rating gas resources in the winter, when there may be challenges getting fuel.
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