Entries in capacity (18)

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.

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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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Tuesday
Apr262016

2016 summer outlook: sufficient electricity supplies expected

Some natural gas generators may need to get their fuel from other sources during pipeline construction

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 26,704 MW megawatts (MW). Extreme weather of 94°F could push up electricity demand to 29,042 MW. Construction work on the region’s natural gas pipeline infrastructure will require some power plants to obtain fuel from different sources. View the press release.

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Monday
Jan042016

Update on the 2015/2016 Winter Reliability Program

9/9/16 update: The chart has been updated with final program participation results. Despite “the winter that wasn’t” (read the winter 2015/2016 operations recap), the winter reliability program remains instrumental in augmenting New England’s fuel security.

In September, the Federal Energy Regulatory Commission approved a program for the current and next two winters to address seasonal reliability challenges created by constraints on New England’s interstate natural gas pipeline system. The previous programs for winters 2013/2014 and 2014/2015 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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Monday
Nov092015

ISO-NE releases updated discussion paper on the role of the capacity market in ensuring a reliable, renewable energy future

On October 30, 2015, ISO New England released the discussion paper, The Importance of a Performance-Based Capacity Market to Ensure Reliability as the Grid Adapts to a Renewable Energy Future. The paper has been updated from the original version published in June to include stakeholder feedback. The purpose of the paper is to inform discussions with the New England Conference of Public Utilities Commissioners (NECPUC), the New England States Committee on Electricity (NESCOE), and the New England Power Pool (NEPOOL) about the interaction of competitive wholesale electricity market design and state policy objectives for renewable energy.

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Thursday
Sep172015

FERC approves reliability program for winters 2015/2016, 2016/2017, and 2017/2018

Proposal selected is nearly identical to last year’s program

On July 15, 2015, ISO New England and the New England Power Pool (NEPOOL) filed alternative Winter Reliability Program (WRP) proposals with the Federal Energy Regulatory Commission (FERC) to address the region’s well-documented reliability challenges over the next three winters.

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