Entries in fcm (58)

Friday
Mar152019

Now online: Presentation and recording of Q1 Settlements Issues Forum webinar

The presentation and recording of the March 7, 2019, Quarterly Settlements Forum  webinar are now available on the ISO New England website. This webinar presents information on ISO New England settlements and billing including the following topics: Energy Storage Device Project and new FCM Cost Allocation Forecast Report. Email the training team with questions at MkTraining@iso-ne.com.

Thursday
Feb282019

Finalized capacity auction results confirm FCA #13 procured sufficient resources, at a lower price, for 2022–2023

Finalized results from the 13th Forward Capacity Auction (FCA #13) confirm that the auction concluded with sufficient resources to meet electricity demand in 2022–2023, at the lowest price in six years. The auction was the first run under the Competitive Auctions with Sponsored Policy Resources (CASPR) rules, which include a substitution auction where resources interested in retiring can trade their capacity supply obligation to new state-sponsored resources that didn’t clear in the primary auction. 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.

Thursday
Feb282019

Now online: Presentations and recordings of FCM Show of Interest webinars

The presentations and recordings of the February 27, 2019, FCM Show of Interest for New Demand Capacity Resources and FCM Show of Interest for New Generation and Imports webinars are now available on the ISO New England website. These webinars inform prospective project sponsors and market participants about the requirements and submittal process for the Show of Interest (SOI) for the fourteenth Forward Capacity Auction (FCA #14) to be held in February 2020 for the 2023-2024 Capacity Commitment Period. The Market Rule requires qualification of new demand resources as well as new generation and import resources prior to participation in a Forward Capacity Auction. 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.

Thursday
Feb212019

Now online: Presentation and recording of FCM New Capacity Offer Price Development webinar

The presentation and recording of the February 14, 2019, FCM New Capacity Offer Price Development webinar are now available on the ISO New England website. This webinar provides 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, distributed generation, and energy storage resources. Email the training team with questions at MkTraining@iso-ne.com.

Friday
Feb082019

An update on Vineyard Wind’s participation in FCA #13

To clarify misinformation that has been reported in the press and circulated online, ISO New England is providing this background on Vineyard Wind’s participation in the Forward Capacity Auction (FCA) #13, which took place earlier this week.

Vineyard Wind participated in both FCA #13’s primary auction and secondary substitution auction. The offshore wind farm secured a 54-megawatt capacity supply obligation during the substitution auction.

Click to read more ...

Wednesday
Feb062019

ISO-NE Forward Capacity Auction Closes with Adequate Power System Resources for 2022-2023 

New England’s annual capacity auction for power system resources concluded Monday with sufficient resources to meet peak demand in 2022-2023, and preliminary results indicate the clearing price was the lowest in six years. The auction is run by ISO New England Inc. to procure the resources that will be needed to meet consumer demand for electricity in three years.

The auction was the first run under the Competitive Auctions with Sponsored Policy Resources (CASPR) rules, which include a secondary substitution auction where resources interested in retiring can trade their capacity supply obligation to new state-sponsored resources that didn’t clear in the primary auction.

Click to read more ...