Entries in fcm (27)

Tuesday
Feb282017

Finalized capacity auction results confirm FCA #11 procured sufficient resources, at a lower price, for 2020–2021

Finalized results from the 11th Forward Capacity Auction (FCA #11) confirm that the February 6 auction concluded at a lower price than the previous three annual auctions and with sufficient resources to meet electricity demand in 2020–2021. ISO New England filed the results with the Federal Energy Regulatory Commission (FERC) on February 28. The FERC filing includes a list of resources that have an obligation to be available in that capacity commitment period. Read the press release.

Monday
Feb272017

Now online: Recording of FCA #12 Show of Interest webinar for new generation, imports, DR

The presentation and recording of the February 22 webinar, New Generation and Imports Show of Interest for FCA #12, and the presentation and recording of the February 23 webinar, FCM Show of Interest for New Demand Resources, are now available on the ISO New England website.The webinars inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the twelfth Forward Capacity Auction (FCA #12) to be held in February 2018 for the 2021-2022 Capacity Commitment Period. The trainings focus on how and when to submit the SOI and the information required for Forward Capacity Auction qualification. Email the training team with questions at MkTraining@iso-ne.com

Thursday
Feb092017

ISO-NE forward capacity auction secures sufficient power system resources, at a lower price, for grid reliability in 2020-2021

The 2017 auction clearing price lowest since 2013

New England’s annual Forward Capacity Market auction concluded Monday, February 6, with sufficient resources to meet demand in 2020-2021. Preliminary results indicate the clearing price for all three capacity zones, $5.30 per kilowatt-month, is the lowest since 2013. The auction is run by ISO New England to procure the resources that will be needed to meet projected demand three years in the future.

The 11th Forward Capacity Auction (FCA #11) attracted robust competition among resources to provide reliability services in New England. This year’s auction concluded with commitments from 35,835 megawatts (MW) to be available in 2020-2021, with 1,760 MW of surplus capacity. 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 9 press release for more details.

Tuesday
Jan312017

Now online: FCM Existing Capacity Qualification Process webinar recording

The presentation and recording of the January 19, 2017, FCM Existing Capacity Qualification Process webinar are now available on the ISO New England website. This webinar informs market participants of the existing capacity qualification process for generation, imports, and demand resources that are participating in the twelfth Forward Capacity Auction (FCA #12) to be held in February 2018 for the 2021-2022 Capacity Commitment Period. Email the training team with questions at MkTraining@iso-ne.com.

Monday
Jan302017

Now online: FCM Delist webinar recording

The presentation and recording of the January 26, 2017, 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.


 

Friday
Jan132017

FERC accepts capacity requirements for 2020/2021

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) values to be used in the 11th Forward Capacity Market auction (FCA #11), which commences February 6, 2017. The ICR used in the development of the system-wide and zonal demand curves for FCA #11 is 34,075 megawatts (MW).

This year’s ICR calculations continue to account for the demand-reducing effects of behind-the-meter solar photovoltaic (PV) resources. Using the ISO’s long-term forecast of growth in PV resources, the amount of capacity required in 2020/2021 was reduced by 720 MW.

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