Entries in energy security (7)


FERC approves NESCOE request for additional time to file energy security market changes

On August 30, the Federal Energy Regulatory Commission (FERC) approved the request by the New England States Committee on Electricity (NESCOE) to extend the deadline for filing the energy security market changes to April 15, 2020.

On July 31, NESCOE called on FERC to provide the New England region with an additional six months to file changes to the region’s wholesale electricity markets to address current and future energy-security challenges. ISO New England has been working to meet a FERC-mandated deadline of October 15, 2019 to file a market-based solution to address energy-security related reliability issues; however, NESCOE asked that the deadline be extended to April 15, 2020. NESCOE noted that FERC’s “approval of this request will enable a more complete and holistic filing” and “allow ISO-NE to address core consumer protection elements that are fundamental to state support, and remove barriers to achieving a greater degree of regional coalescence around a proposal.”

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ISO-NE presents efforts on market solutions for energy security at FERC public meeting

In July of 2018, the Federal Energy Regulatory Commission (FERC) directed ISO New England to file permanent revisions to its market rules that would address long-term regional energy security concerns, due on October 15, 2019. On April 22, 2019, the ISO, the New England States Committee on Electricity, and the New England Power Pool (NEPOOL) Participants Committee jointly requested a public meeting to share with FERC staff information about efforts to develop these proposed market revisions without violating the Commission’s ex parte rules.

The day-long public meeting, which was webcast, convened on July 15, 2019, at FERC headquarters in Washington, DC. The staff-led session consisted of three 90-minute presentations by ISO New England, NEPOOL stakeholders, and representatives from New England states. ISO Chief Economist Matt White and Director of Market Development Chris Parent offered a robust presentation on the ISO’s steady work toward meeting FERC’s directive, after which they answered questions from the Commission staff and Commissioners.

ISO-NE's Chris Parent and Matt White at FERC



FERC announces July 15 technical conference to discuss New England’s energy security challenges

On April 22, ISO New England, in conjunction with the New England States Committee on Electricity (NESCOE) and the New England Power Pool (NEPOOL), requested that the Federal Energy Regulatory Commission (FERC) host a public technical conference in July 2019 to discuss “efforts to develop a comprehensive, longer-term, market-based solution to address New England’s energy security challenges” leading up to the expected mid-October filing of wholesale market changes by the ISO. On May 21, FERC announced it has scheduled a day-long technical conference for July 15 at the Commission’s offices in Washington, DC. In its announcement, FERC noted that “This staff-led public meeting will consist of three, 90-minute presentations by ISO-NE, NEPOOL stakeholders, and representatives from New England states with time for questions and answers reserved at the end of the meeting.” The meeting will be webcast.


ISO-NE releases discussion paper on energy security challenges, solutions

On April 1, 2019, ISO New England released a paper detailing the ISO’s perspectives on the region’s energy security challenges and long-term market solutions to addresses those challenges. Over the past several years, the region has seen resources with onsite fuel storage replaced by resources that rely on “just-in-time” delivery of their energy sources, such as natural gas and renewables.

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New England governors announce commitment to regional cooperation on energy issues

On March 15, the six New England governors announced a commitment to work together to evaluate regional mechanisms to help maintain critical nuclear and clean energy facilities.

In the statement, the governors said they would work “in coordination with ISO New England and through the New England States Committee on Electricity (NESCOE), to evaluate market-based mechanisms that value the contribution that existing nuclear generation resources make to regional energy security and winter reliability.”

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Winter energy security update: Interim compensation program for inventoried energy filed with FERC

Update: On August 6, 2019, FERC announced that it did not act on the ISO’s filing, and it became effective by operation of law. In accordance with the Federal Power Act, Chairman Chatterjee and Commissioner Glick released detailed opinions on the IEP, while Commissioners LaFleur and McNamee announced their abstention.

On March 25, 2019, ISO New England filed with the Federal Energy Regulatory Commission (FERC) to implement a short-term program that will recognize the value of resources that can store fuel for use when winter energy security is most stressed. The short-term program, which would run during winters 2023/2024 and 2024/2025, is designed to be a bridge to a long-term, market-based solution that more comprehensively addresses the region’s energy security risks.

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