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Monday
May152017

FCM Participation Guide: now with info on price-responsive demand, automatic matching of new qualified capacity, and more

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 of interest to new resources:

    About the FCM Participation Guide

    The 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.
  • Price-responsive demand—the new demand-response market structure going into effect on June 1, 2018
  • Automatic matching of new qualified capacity (for new generation only)—instances where the ISO will automatically match an existing resource’s newly qualified megawatts with existing seasonal capacity
  • Electing critical path schedule monitoring—option that allows new generators, new demand resources, and new imports to seek qualification to acquire capacity supply obligations for earlier capacity commitment periods during reconfiguration actions and bilateral periods

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.