Entries in capacity (18)

Thursday
Feb092017

ISO-NE forward capacity auction secures sufficient power system resources, at a lower price, for grid reliability in 2020-2021

The 2017 auction clearing price lowest since 2013

New England’s annual Forward Capacity Market auction concluded Monday, February 6, with sufficient resources to meet demand in 2020-2021. Preliminary results indicate the clearing price for all three capacity zones, $5.30 per kilowatt-month, is the lowest since 2013. 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 11th Forward Capacity Auction (FCA #11) attracted robust competition among resources to provide reliability services in New England. This year’s auction concluded with commitments from 35,835 megawatts (MW) to be available in 2020-2021, with 1,760 MW of surplus capacity. The auction rules allow the region to acquire more or less than the capacity target, providing flexibility to acquire additional capacity and enhanced reliability at a cost-effective price. Read the February 9 press release for more details.

Tuesday
Jan172017

Update on the 2016/2017 Winter Reliability Program

For the fourth year in a row, a winter reliability program is in effect to help augment fuel adequacy in New England. In September 2015, the Federal Energy Regulatory Commission approved a program for the winters of 2015/2016 to 2017/2018 to address seasonal reliability challenges created by constraints on New England’s interstate natural gas pipeline system. The previous programs proved to be cost-effective, short-term solutions to help keep the lights on in New England during very cold winter days.

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Friday
Jan132017

FERC accepts capacity requirements for 2020/2021

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) values to be used in the 11th Forward Capacity Market auction (FCA #11), which commences February 6, 2017. The ICR used in the development of the system-wide and zonal demand curves for FCA #11 is 34,075 megawatts (MW).

This year’s ICR calculations continue to account for the demand-reducing effects of behind-the-meter solar photovoltaic (PV) resources. Using the ISO’s long-term forecast of growth in PV resources, the amount of capacity required in 2020/2021 was reduced by 720 MW.

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Monday
Dec052016

2016/2017 winter outlook: sufficient electricity supplies expected

Natural gas pipeline constraints remain a concern, Winter Reliability Program implemented

Electricity supplies should be sufficient to meet New England’s consumer demand for electricity this winter, but possible natural gas pipeline constraints could limit electricity production from natural gas power plants. A Winter Reliability Program has been implemented to incentivize gas and oil-fired power plants to procure sufficient fuel before winter begins. View the press release.

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Monday
Aug222016

Requests to participate in 2016/2017 Winter Reliability Program due October 1

Market participants: Requests to participate in the Oil Program, LNG Program, or Demand Response Program are due to ISO New England Customer Service by October 1, 2016. 

Read FERC approves reliability program for winters 2015/2016, 2016/2017, and 2017/2018 to learn more about the Winter Reliability Program and why the ISO is implementing these programs for the coming three winters.

See the Winter Program Payment Rate page for details on payment rates.

Thursday
Jul282016

New resource retirement rules in effect for region’s capacity market

July 28 update to article originally posted April 14: Information added below on the materiality threshold accepted by the Federal Energy Regulatory Commission on July 27, plus a link added to FCM Participation Guide instructions on submitting retirement delist bids.

On April 12, the Federal Energy Regulatory Commission (FERC) accepted ISO New England’s proposed changes to the way power resources can exit the Forward Capacity Market. (Read the FERC order.) These ISO retirement reforms will improve the economic efficiency of the capacity market and further reduce the potential for market power issues. The changes are effective March 1 so they apply to the next Forward Capacity Auction (FCA) to be held February 2017.

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