Entries in fcm (30)

Monday
Apr242017

ISO-NE publishes discussion paper on proposed solution to harmonize competitive markets and subsidized resources

ISO New England has published "Competitive Auctions with Subsidized Policy Resources." This discussion paper details the ISO’s proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. Read highlights of the proposal published last week.

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Friday
Apr212017

ISO-NE proposes solution to harmonize competitive markets and subsidized resources

ISO New England has posted a four-page outline of its proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. The ISO’s concept proposes to closely coordinate the entry of (subsidized) new resources with the exit of (unsubsidized) existing capacity resources. A more detailed paper explaining the proposal will be released in the near future.

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Monday
Mar272017

Draft 2017-2026 forecast: energy usage will decline slightly and peak demand will remain flat

Every year, ISO New England develops a projection of how much electricity the region will use and how high demand will peak during each of the next 10 years. The 10-year forecast is a key system planning tool, helping ensure New England has an adequate supply of resources to meet future demand, and a transmission system that can do the job of carrying power to residents and businesses.

The draft long-term forecast for 2017 to 2026 projects that energy usage will decline slightly in New England and peak demand will remain flat over the 10-year period. The primary factors are continuing robust installation of energy-efficiency measures and behind-the-meter solar arrays throughout the region, as well as a slightly lower forecast for economic growth in New England.

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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.