Entries in fcm (31)

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.

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.

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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Monday
Oct172016

ISO-NE’s online FCM Participation Guide expanded with even more helpful information for market participants

Additions include guidance on delivering capacity and electing renewable technology resource treatment, as well as background on the ISO’s development of capacity zones and the Installed Capacity Requirement

In continuing efforts to offer more user-friendly guidance for participants in the region’s Forward Capacity Market (FCM), ISO New England is pleased to announce another revision of its FCM Participation Guide.

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Thursday
Jul282016

New resource retirement rules in effect for region’s capacity market

July 28 update to article originally posted April 14: Information added below on the materiality threshold accepted by the Federal Energy Regulatory Commission on July 27, plus a link added to FCM Participation Guide instructions on submitting retirement delist bids.

On April 12, the Federal Energy Regulatory Commission (FERC) accepted ISO New England’s proposed changes to the way power resources can exit the Forward Capacity Market. (Read the FERC order.) These ISO retirement reforms will improve the economic efficiency of the capacity market and further reduce the potential for market power issues. The changes are effective March 1 so they apply to the next Forward Capacity Auction (FCA) to be held February 2017.

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