NEISO Backed into a Corner During Elliott with No Gas Online
Winter Storm Elliott brought a prolonged period of sub-freezing temperatures to New England; NEISO experienced reduced imports, some generator outages, and ~9 GW of uncommitted, available gas-fired capacity that resulted in a capacity shortfall and EEA Level 1 on December 24th.
Read more about NEISO market dynamics, including:
- ▶ NEISO experienced real-time scarcity pricing while ~9 GW operable generation was offline due to failure to clear the day-ahead market
- ▶ Production from CCGTs with dual-fuel capability diverged dramatically from most CCGTs without dual-fuel capability
- ▶ How data from Yes Energy and Live Power provides insight into pricing dynamics in NEISO