Entries in fcm (54)

Friday
Nov092018

Now online: FCM 101 training materials

The training materials from Forward Capacity Market 101 (FCM 101) conducted on October 22-25, 2018, are now posted to the ISO New England website. To receive training information and updates, subscribe to ISO New England’s ISO Training mailing list. Email the training team with questions at MkTraining@iso-ne.com.

Tuesday
Oct302018

Now online: Presentation and recording of Forward Capacity Market Substitution Auction for FCA #13 webinar

The presentation and recording of the October 11, 2018, Forward Capacity Substitution Auction for FCA #13 webinar are now available on the ISO New England website. This webinar provides an overview of how the substitution auction will be conducted. It also includes information pertaining to substitution auction bid and offer submittals. Email the training team with questions at MkTraining@iso-ne.com.

Tuesday
Oct302018

Now online: Presentation and recording of Forward Capacity Market Reconfiguration Auctions webinar

The presentation and recording of the October 17, 2018, Forward Capacity Market Reconfiguration Auctions webinar are now available on the ISO New England website. Email the training team with questions at MkTraining@iso-ne.com.

Friday
Aug102018

New! Web-based training: Designating resources as self-supplied in the Forward Capacity Market

This web-based training focuses on designating resources as self-supplied in anticipation of having those resources participate in a Forward Capacity Auction. Approximate viewing time is 17 minutes, including a video. The preferred browsers for viewing this training are Internet Explorer or Firefox. Email the training team with questions at MkTraining@iso-ne.com.

ISO New England offers a variety of training opportunities and materials to help our customers understand the region’s wholesale electricity marketplace and power system. Check out what else is available. To be sure you receive training information and updates, subscribe to ISO New England’s ISO Training mailing list.

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
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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