ISO-NE’s online FCM Participation Guide expanded with even more helpful information for market participants
Additions include guidance on delivering capacity and electing renewable technology resource treatment, as well as background on the ISO’s development of capacity zones and the Installed Capacity Requirement
In continuing efforts to offer more user-friendly guidance for participants in the region’s Forward Capacity Market (FCM), ISO New England is pleased to announce another revision of its FCM Participation Guide. Information and guidance has been added on the following topics:
About the FCM Participation GuideThe ISO developed the online guide in 2015 in response to stakeholder requests for additional guidance. The guide provides quick and easy access to instructions for operating in the FCM, a capacity market that ensures that the New England power system will have sufficient resources to meet the future demand for electricity.
- Capacity zone development
- The region’s Installed Capacity Requirement
- Capacity network import capability (CNIC) values
- Expanded info on submitting an offer below the offer-review trigger price (ORTP) for new generators, demand resources, and imports
- Information on electing renewable technology resource treatment for new generators and demand resources
- Asset registration
- Auditing requirements
- Metering requirements
- Outage coordination requirements
- Energy Market offer requirements
- Lead market participant changes
A host of learning opportunities
The guide complements various classroom and online FCM trainings offered by the ISO available on the Training Materials webpage:
- FCM 101 and 102 are comprehensive courses designed to provide working knowledge of the market.
- Several individual webinars and online trainings focus on specific portions of the FCM.
The Manual for the Forward Capacity Market (M-20) also serves as a reference guide to FCM procedures.
Finally, all FCM participants are urged to carefully read Market Rule 1, Section III.13, Forward Capacity Market, and Appendix A, Market Monitoring, Reporting, and Market Power Mitigation. These portions of the ISO Tariff detail rules and responsibilities related to the FCM.