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Thursday
Feb282019

Finalized capacity auction results confirm FCA #13 procured sufficient resources, at a lower price, for 2022–2023

Finalized results from the 13th Forward Capacity Auction (FCA #13) confirm that the auction concluded with sufficient resources to meet electricity demand in 2022–2023, at the lowest price in six years. The auction was the first run under the Competitive Auctions with Sponsored Policy Resources (CASPR) rules, which include a substitution auction where resources interested in retiring can trade their capacity supply obligation to new state-sponsored resources that didn’t clear in the primary auction. ISO New England filed the results with the Federal Energy Regulatory Commission (FERC) on February 28. The FERC filing includes a list of resources that have an obligation to be available in that capacity commitment period. Read the press release.