Entries in capacity (27)

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.

Wednesday
Feb062019

ISO-NE Forward Capacity Auction Closes with Adequate Power System Resources for 2022-2023 

New England’s annual capacity auction for power system resources concluded Monday with sufficient resources to meet peak demand in 2022-2023, and preliminary results indicate the clearing price was the lowest in six years. The auction is run by ISO New England Inc. to procure the resources that will be needed to meet consumer demand for electricity in three years.

The auction was the first run under the Competitive Auctions with Sponsored Policy Resources (CASPR) rules, which include a secondary 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.

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Monday
Jan282019

Capacity vs energy: a primer

Next week, ISO New England will run the 13th Forward Capacity Auction to secure the power system resources needed to meet peak demand in 2022-2023. The auction is run annually to ensure the region has the necessary resource capacity three years into the future. But what is capacity, and how does it differ from the energy markets the ISO runs on a day-ahead and real-time basis? ISO New England has put together a primer on these two measurements of energy, and how the two types of markets play into running the New England power system.

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Tuesday
Jan152019

FERC accepts capacity requirements for 2022/2023

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) value of 34,719 megawatts (MW) to be used in the 13th Forward Capacity Market auction (FCA #13), which commences February 4, 2019. The ICR is the amount of capacity (generation, demand-side resources, and imports) the ISO has determined needs to be available in 2022/2023 to meet the region’s projected consumer demand. The ICR value is calculated using reliability requirements based on the probability of disconnecting load due to a resource deficiency (also referred to as Loss of Load Expectation or LOLE) no more than once every 10 years (1-in-10). 

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Wednesday
Nov282018

2018/2019 winter outlook: New England expected to have adequate resources 

ISO New England has implemented near-term changes based on lessons learned from historic cold snap

ISO New England, operator of New England’s power system, expects the region to have the necessary resources this winter to meet consumer demand, which is expected to peak at 20,357 megawatts (MW) under normal weather conditions or 21,057 MW at extreme temperatures.

However, as seen during last year’s two-week cold snap, power system operations could become challenging if demand is higher than projected, if the region loses a large generator, electricity imports are affected, or during periods of fuel delivery constraints. In those instances, the ISO could be required to implement emergency operating procedures to maintain reliability.

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Tuesday
May012018

Summer 2018 outlook: adequate electricity supplies expected

Under normal weather conditions, New England is expected to have sufficient resources to meet peak consumer demand for electricity this summer, according to ISO New England. Tight supply margins could develop if forecasted peak system conditions associated with extreme hot and humid weather occur. If this happens, ISO New England will take steps to manage New England’s electricity supply and demand and maintain power system reliability. View the press release.