The Federal Energy Regulatory Commission (FERC) has issued an order accepting a filing ISO New England submitted on April 6, identifying two potential new boundaries for capacity zones for the tenth Forward Capacity Auction (FCA #10). The filing is consistent with a FERC requirement that ISO New England have a process for determining the appropriate number of, and boundaries of, capacity zones in the New England region over time as conditions change. Under the FCM rules, new capacity zones must be approved by FERC before the qualification deadline for existing resources, which for FCA #10 is June 1, 2015. This also is the deadline for resource owners to submit delist bids. FCA #10 will take place in February 2016 for resources needed beginning June 1, 2019.
Entries in capacity (18)
For the second year in a row, ISO New England has implemented a Winter Reliability Program (WRP) designed to address concerns about the ability of power system resources to perform when dispatched, especially during cold weather conditions. The program provides incentives for oil and dual-fuel generators (i.e., units that can run on either gas or oil) to increase oil inventories, for natural-gas-fired generators to contract for liquefied natural gas (LNG) to augment pipeline gas, and for new demand-response resources to be available. Another component of the WRP that will help bolster reliability beyond this winter is the incentive for gas-fired generators to invest in dual-fuel capability.
ISO-NE and NEPOOL file proposal with FERC to implement a Winter Reliability Program for winter 2014/2015
Updated on Tuesday, April 7, 2015 at 10:00AM by ISO New England
On July 11, 2014, ISO New England and the New England Power Pool (NEPOOL) filed with the Federal Energy Regulatory Commission (FERC) a proposal to implement a revised Winter Reliability Program (WRP) for the upcoming winter (2014/2015). This past winter, the ISO implemented the first WRP, which helped to increase the amount of oil inventory held by oil and dual-fuel generators in the region. The program proved to be critical in keeping the lights on throughout colder-than-normal winter conditions. That first WRP was intended to be a one-time solution to bridge a reliability gap. However, ISO New England’s operational experience last winter and other developments have prompted the ISO and NEPOOL to seek approval of another program to mitigate significant reliability concerns for the upcoming winter.
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.
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.”
Updated on Wednesday, October 16, 2013 at 9:12AM by ISO New England
The Federal Energy Regulatory Commission (FERC) has conditionally accepted ISO New England’s proposed reliability program for the 2013/2014 winter, concluding that the proposal is an appropriate solution to the reliability challenges this coming winter, given the program’s interim nature. FERC conditioned its acceptance on revision of the proposal to allocate costs to real-time load obligation, which is paid by load-serving entities, rather than to regional network load, which is paid by transmission owners.