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Alex Bennitt and Daniel FarleyJan 24, 2023< 1 min read

NEISO Backed into a Corner During Elliott with No Gas Online

Winter Storm Elliott brought a prolonged period of subfreezing temperatures to New England. NEISO experienced reduced imports, some generator outages, and about nine GW of uncommitted, available gas-fired capacity that resulted in a capacity shortfall and EEA Level 1 on December 24. 

During Elliott, generators ended up without natural gas - but not due to supply shortages. NEISO experienced real-time scarcity pricing while about nine GW operable generation was offline due to failure to clear the day-ahead market, and subsequently not nominating firm gas transportation. Production from CCGTs with dual-fuel capability diverged dramatically from most CCGTs without dual-fuel capability. 

When price formation trends are not always immediately and intuitively clear, data from Yes Energy and Live Power are key to understanding market price formation. Read more in our white paper! 

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Alex Bennitt and Daniel Farley
Alex Bennitt is the product manager for Live Power and partner content integration at Yes Energy, where he utilizes a seven-year background in market fundamentals and Live Power operations to help steer product direction. In his free time, Alex is an avid skier who chases snow almost year-round. Daniel Farley is fundamental analyst at Yes Energy.

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