Entries in capacity (19)

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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Tuesday
Jun022015

FERC approves potential new capacity zone boundaries for FCA #10

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.

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Monday
Jan122015

Resources’ participation in 2014/2015 Winter Reliability Program improves fuel adequacy this winter

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.

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Monday
Jul142014

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 Registered CommenterISO 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.

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Tuesday
Jun032014

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.

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Monday
May052014

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.”

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