Tuesday
Jun032014

SPI News: FERC largely accepts ISO-NE’s Pay-for-Performance proposal and part of NEPOOL’s alternate proposal to help boost resource performance in New England

Unanimous decision of all four commissioners

The Federal Energy Regulatory Commission (FERC) issued an order on ISO New England’s “pay-for-performance” proposal to strengthen performance incentives in the Forward Capacity Market and the alternative New England Power Pool (NEPOOL) proposal that sought to make modifications mainly to the region’s energy markets. While FERC found that neither proposal was shown to be just and reasonable on its own, it largely accepted the ISO’s proposal (with modifications), and also accepted a portion of NEPOOL’s proposal to increase the Reserve Constraint Penalty Factor in the energy market during times of scarcity conditions.

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Tuesday
Jun032014

SPI News: FERC accepts ISO-NE and NEPOOL proposal to institute downward-sloping demand curve in New England’s capacity market

The Federal Energy Regulatory Commission (FERC) issued an order on
May 30, conditionally accepting the ISO New England and New England Power Pool proposal to implement a downward-sloping demand curve in the Forward Capacity Market. A sloped demand curve will help moderate price volatility over time and will also allow the removal of administrative pricing triggers, such as the Insufficient Competition and Insufficient Supply rules.

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Thursday
May292014

ISO-NE CEO discusses the grid’s progress, challenges ahead on New Hampshire Public Radio show

On May 29, Gordon van Welie, president and chief executive officer of ISO New England, was a guest on the live New Hampshire Public Radio (NHPR) talk show, “The Exchange.” During the hour-long program, hosted by Laura Knoy, van Welie discussed challenges facing the New England power grid, including region’s increased dependence on natural gas to produce electricity, the upcoming retirement of power plants, and integrating more renewable energy sources like solar and wind. He also fielded questions from listeners who called in.

Listen to the interview, and read the related posting on the NHPR website.

Thursday
May292014

SPI News: One year after shift in Day-Ahead Energy Market timeline, ISO-NE reports positive results to FERC

Just over a year ago, changes accelerating the Day-Ahead Energy Market (DAM) and Reserve Adequacy Analysis (RAA) timelines went into effect in New England. ISO New England and NEPOOL proposed the revisions in an effort to better align the timing of the region’s wholesale electricity and natural gas markets with the goal of improved reliability of the New England power grid. In an order accepting an acceleration of the timelines, the Federal Energy Regulatory Commission also directed the ISO to submit a report on the impact the changes have had on operations one year after they went into effect. On May 23, the ISO published an Informational Report finding that the modifications have incrementally improved gas-electric coordination.

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Friday
May232014

FCA #9: New offer review trigger prices (ORTPs) are accepted by FERC

Revised ORTPs went into effect May 13

On May 12, 2014, the Federal Energy Regulatory Commission (FERC) approved several revisions ISO New England proposed to offer review trigger prices (ORTPs) in the Forward Capacity Market (FCM). The new ORTPs are effective May 13, 2014, to ensure that market participants preparing qualification packages for the ninth Forward Capacity Auction (FCA #9) have certainty regarding the applicable ORTPs in advance of the June 17, 2014, qualification deadline.

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Monday
May052014

Article by ISO-NE CEO on the benefits of ISO-NE’s Pay-for-Performance proposal featured in Public Utilities Fortnightly

The May issue of Public Utilities Fortnightly includes an article by Gordon van Welie, ISO New England’s president and CEO, that discusses how the ISO’s proposal to change the Forward Capacity Market (FCM) will improve resource performance and power system reliability. The article was in response to a column that ran in the April edition of Public Utilities Fortnightly, entitled, “Scare Tactics.”

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