Entries in fcm (40)


Now online: Presentation and recording of FCM Delist webinar

The presentation and recording of the January 25, 2018, FCM Delist webinar are now available on the ISO New England website. This webinar provides market participants with information about the Internal Market Monitor's (IMM) delist cost review process as well as how to complete the IMM's published cost workbooks according to the current market rule. Email the training team with questions at MkTraining@iso-ne.com.


ISO-NE forward capacity auction closes with adequate power system resources for 2021-2022

The ISO will retain about 1,300 megawatts to ensure local reliability

New England’s annual Forward Capacity Market auction for power system resources concluded Tuesday, February 6 with sufficient resources to meet peak demand in 2021-2022, and preliminary results indicate the clearing price was the lowest in five years due to a surplus of capacity in the region. The auction is run by ISO New England to procure the resources that will be needed to meet consumer demand for electricity in three years.

The 12th Forward Capacity Auction closed at a preliminary clearing price of $4.63 per kilowatt-month (kW-month) across New England, compared to $5.30/kW-month in last year’s auction. The auction concluded with commitments from 34,828 MW to be available in 2021-2022, a number that includes 1,103 MW of surplus capacity system-wide and about 1,300 MW of resources that were retained for transmissions security after they sought to delist. The auction rules allow the region to acquire more or less than the capacity target, providing flexibility to acquire additional capacity and enhanced reliability at a cost-effective price. Read the February 8 press release for more details.

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Upcoming webinar: Q1 Settlements Issues Forum

Registration is open for the Quarterly Settlements Forum webinar that will be held on March  8, 2018, from 10:00 - 11:00 a.m. The webinar presents information on ISO New England settlements and billing, including the following topics: performance incentives in the Forward Capacity Market and price responsive demand. Questions? Email the training team at MkTraining@iso-ne.com.

FERC accepts capacity requirements for 2021/2022

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) value of 33,725 megawatts (MW) to be used in the 12th Forward Capacity Market auction (FCA #12), which commences February 5, 2018. The ICR is the amount of capacity (generation, demand-side resources, and imports) the ISO has determined needs to be available in 2021/2022 to meet the region’s projected peak demand, plus required reserves. 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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Upcoming webinar: FCM New Capacity Offer Price Development

Registration is open for the webinar, FCM New Capacity Offer Price Development, that will be held on February 15, 2018, from 1:30 to 3:30 p.m. This webinar will provide market participants with information about the formulation of a new resource offer floor price and completing the cost workbook to support that price. The training is for new capacity resources, including generating resources, import capacity resources, demand resources, and distributed generation. Email the training team with questions at MkTraining@iso-ne.com.


Upcoming webinars: FCA #13 Show of Interest webinars for new generation, imports, DR

Webinar: FCM Show of Interest for New Demand Resources
February 27, 2018 | 10:00 a.m. - 12:00 p.m. | Register Now
Webinar: FCM Show of Interest for New Generation and Imports
February 27, 2018 | 1:30 - 3:30 p.m. | Register Now  

These webinars will inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the thirteenth Forward Capacity Auction (FCA #13) to be held in February 2019 for the 2022-2023 Capacity Commitment Period. The focus of this training is on how and when to submit the SOI and the information required for FCA qualification. Email the training team with questions at MkTraining@iso-ne.com.