Entries in capacity (19)

Thursday
Nov302017

2017/2018 winter outlook: sufficient electricity supplies expected

Natural gas pipeline constraints remain a concern; final 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. The ISO’s fifth and final Winter Reliability Program has been implemented to incentivize power plants to procure sufficient fuel before winter begins. The interim reliability program is ending after this winter due to new capacity market performance incentive rules that go into effect June 1, 2018. View the press release for more information and download our winter outlook fact sheet.

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Friday
Oct272017

Update on the 2017/2018 Winter Reliability Program

10/18/17 update: Initial participation results posted.

For the fifth year in a row, a winter reliability program is in effect in New England to address seasonal reliability challenges created by constraints on New England’s interstate natural gas pipeline system. The program is a short-term, cost-effective effort to help ensure eligible generators have the fuel needed to operate reliably during very cold winter periods.

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Thursday
Aug172017

Requests to participate in 2017/2018 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, 2017. 

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.

Wednesday
Apr262017

Summer 2017 outlook: sufficient electricity supplies expected

New England is expected to have the resources needed to meet consumer demand for electricity this summer, though tight supply margins could develop if forecasted peak system conditions occur. If this happens, ISO New England will take steps to manage New England’s electricity supply and demand in real time and maintain power system reliability. Under normal weather conditions of 90 degrees Fahrenheit (F), electricity resources should be sufficient to meet consumer demand this summer, with a forecasted peak of 26,482 MW megawatts (MW). Extreme weather of 94°F could push up electricity demand to 28,865 MW. View the press release.

Tuesday
Feb282017

Finalized capacity auction results confirm FCA #11 procured sufficient resources, at a lower price, for 2020–2021

Finalized results from the 11th Forward Capacity Auction (FCA #11) confirm that the February 6 auction concluded at a lower price than the previous three annual auctions and with sufficient resources to meet electricity demand in 2020–2021. 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.

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.