Entries in fcm (47)

Thursday
Jul052018

Web-based training: Composite offers in the Forward Capacity Market

This web-based training provides an overview of how offers composed of separate resource information are used and submitted in the Forward Capacity Market (FCM). Approximate viewing time is 18 minutes. The preferred browsers for viewing this training are Internet Explorer or Firefox. Email the training team with questions at MkTraining@iso-ne.com.

Monday
Jun182018

Now online: Presentation and recording of Q2 Settlements Issues Forum webinar

The presentation and recording of the June 7, 2018, Quarterly Settlements Forum  webinar are now available on the ISO New England website. TThe webinar presents information on ISO New England settlements and billing, including the following topics: brief recap of June 1, 2018, market changes; day-ahead external transaction offer flexibility. Email the training team with questions at MkTraining@iso-ne.com.

Monday
Jun112018

“Pay-for-performance” capacity market incentives implemented as of June 1, 2018

“Pay-for-performance” (PFP)—a cornerstone of ISO New England’s ongoing, multi-faceted effort to address trends that are challenging power system reliability—became effective on June 1, 2018. PFP is part of New England’s Forward Capacity Market (FCM) design, which acquires obligations from resources needed to meet demand three years into the future. The new PFP rules provide enhanced incentives, in a carrot-and-stick approach, for resource owners to ensure their resources are ready and able to meet their obligations to provide energy and reserves or reduce demand during times of stress on the regional power system. Now, resources with a capacity obligation can be penalized $2,000 per megawatt-hour (MWh) for failing to meet their obligation during energy shortfalls, while resources that over-perform relative to their obligation (including resources with no obligation) can receive $2,000/MWh of additional revenue. This performance payment rate is scheduled to increase to $5,455/MWh over the next six years.

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Wednesday
Jun062018

Price-responsive demand explained: Q&A with Henry Yoshimura, ISO Director of Demand Resource Strategy

6/12/18 update: Expanded information on pay-for-performance's impact on demand resources.

On June 1, 2018, ISO New England launched a new price-responsive demand (PRD) structure that completes the full integration of active demand resources (also known as demand response) into the regional wholesale electricity marketplace. Building on demand resources’ long-standing ability to participate in the capacity market, PRD makes ISO New England the first US grid operator to deploy its active demand resources as part of the energy dispatch and reserve-designation process along with generating resources. Henry Yoshimura, the ISO’s Director of Demand Resource Strategy, explains PRD below, as well as the changes and benefits it brings.

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Tuesday
May082018

2018 forecast of capacity, energy, loads, and transmission is published by ISO-NE

Energy usage and peak demand will decline slightly over the next 10 years

On April 30, 2018, ISO New England published the 2018-2027 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT). The report is a primary source for assumptions used in ISO system planning and reliability studies. It provides a snapshot of the New England power system, including:

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Thursday
May032018

Now online: Presentations and recordings of FCM capacity qualification webinars for DR, Gen, and Imports

The presentations and recordings of the May 1, 2018, FCM New Capacity Qualification for Demand Resources and FCM New Capacity Qualification for Generation and Imports webinars are now available on the ISO New England website. The webinars review the requirements associated with the submittal of the new capacity qualification package for the Forward Capacity Auction for the 2022-2023 Capacity Commitment Period (FCA #13). Email the training team with questions at MkTraining@iso-ne.com.