This update features policy, regulatory, legislative, and regional developments in Connecticut and New England. The policy updates are compiled by a team recently formed with support from CPES, known as the New Energy Professionals. If you are interested in learning more about the New Energy Professionals, the Policy Committee, or if you have ideas for future policy updates, we would welcome your input and feedback. Please send comments to Paul Brady, CPES Executive Director, via email: email@example.com.
This week’s features:
- New England Wholesale Electric Prices and Demand – August 2016
- Looking Ahead to the Next Legislative Session – Schedules and Key Links
A Look at Wholesale Electricity Prices and Demand in New England: August 2016
August’s average monthly power price of $40.19 per megawatt-hour (MWh) was up 13.7% from the August 2015 average price of $35.35/MWh and 37% higher than the July 2016 average price of $29.33/MWh. The month included some very hot and humid weather that drove up air conditioning use, which drove up demand for power by 3% over the month as a whole. The highest level for demand so far this year occurred on August 12, during a heat wave, when demand peaked at 25,521 MW. The day before, on August 11, shortage conditions developed – meaning the region was short of the required level of reserves – on the regional power system when several generators tripped offline, causing real-time prices to spike and requiring implementation of special operating procedures, including dispatch of demand-response resources in all of New England except Maine. The ISO New England control room maintained reliable power system operations throughout the day.
For more information, visit the ISO Newswire.
The 2016 Connecticut regular session ended on May 4, 2016. The 2017 Connecticut regular session begins January 4, 2017.
Information about the Energy and Technology Committee, including committee meetings and public hearings, is available at: https://www.cga.ct.gov/et/.
The 2015-2016 Massachusetts formal session ended on July 31, 2016. The 2017-2018 Massachusetts session begins January 4, 2017.
Information about the Joint Committee on Telecommunications, Utilities and Energy, including hearings and bills in committee, is available at: https://malegislature.gov/Committees/Joint/J37.