ISO-NE capacity auction secures sufficient power system resources, at a lower price, for grid reliability in 2019-2020
The 2016 auction clearing price is 25% lower than last year’s auction
New England’s annual capacity auction concluded February 8, with sufficient resources to meet demand in 2019–2020, at a lower price, and with more than 1,400 megawatts (MW) of new generating capacity that will help replace recently retired and retiring generators. The auction is run by ISO New England to procure the resources that will be needed to meet projected demand three years in the future. The tenth Forward Capacity Auction (FCA #10) attracted significant competition among resources to provide reliability services in New England. Before the auction, a total of 40,131 MW of resources, including 6,700 MW of new resources, qualified to compete in the auction to provide the 34,151 MW Installed Capacity Requirement (ICR) for 2019–2020. Read the February 11 press release for details.