Thursday
Feb112016

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 capacit ythat 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.

Monday
Feb082016

Now online: Existing Capacity Qualification Process for Generation, Imports, and Demand Resources webinar

The presentation and recording of the January 28 webinar, Existing Capacity Qualification Process for Generation, Imports, and Demand Resources, are now available on the ISO New England website. Scroll down and click on the link of choice. This webinar informs market participants of the existing capacity qualification process for the eleventh Forward Capacity Auction (FCA #11) to be held in February 2017 for the 2020-2021 Capacity Commitment Period.  Retirement reform details and retirement delist bid requirements, including an overview of the Priced Retirement Model spreadsheet, is covered. Please email the training team with questions at MkTraining@iso-ne.com.

Friday
Feb052016

Register for the Q1 Settlements Issues Forum webinar

Registration is open for the first quarter Quarterly Settlements Issues Forum webinar that will be held on March 10, from 10:00-11:00 a.m. This quarterly webinar will include information on upcoming changes affecting ISO New England settlements and billing, and is open to interested market participants. Questions? Email the training team at MkTraining@iso-ne.com.

Thursday
Feb042016

Explainer: ISO New England has no role in setting transmission rates

In late December 2015, the Federal Energy Regulatory Commission (FERC) initiated an inquiry into the transmission rates charged by transmission owners in the ISO New England region. FERC initiated the inquiry, including settlement proceedings, after concluding that the rates set by the transmission owners “appear to be unjust, unreasonable, unduly discriminatory or preferential” and that the ISO New England Open Access Transmission Tariff lacks adequate transparency and challenge procedures regarding the transmission rates.

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Thursday
Feb042016

New England readies to move ahead with full integration of demand response after SCOTUS decision

With the US Supreme Court’s January 25 opinion on FERC v EPSA, New England now has a clear path forward for enabling demand-response resources to participate fully in the region’s wholesale electricity marketplace. The court opinion affirmed the ability of the Federal Energy Regulatory Commission (FERC) to establish rules for demand response—a matter that had been in question since May 2014 when the DC Circuit of the US Court of Appeals ruled that FERC did not have this jurisdiction. The ISO can now continue with its plans, which had been delayed by a year due to the legal challenges, to create opportunities and obligations comparable to those of generators for demand response to participate in wholesale electricity markets.

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Thursday
Feb042016

Fall 2015 markets report reviews wholesale market outcomes during September, October, and November 2015

The Quarterly Markets Report prepared by the Internal Market Monitor (IMM) of ISO New England concludes that during the fall season—September, October, and November—of 2015, market prices reflected the cost of providing energy and that the region’s wholesale energy market outcomes were competitive. The quarterly report provides information on market outcomes, system conditions, and market competitiveness.

Previously, the Quarterly Markets Reports covered market outcomes during calendar quarters. This and future quarterly reports will review markets by season. The winter report will cover December through February; spring will cover March through May; summer will cover June through August; and fall will cover September through November.

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