The presentation and recording of the January 19, 2017, FCM Existing Capacity Qualification Process webinar are now available on the ISO New England website. This webinar informs market participants of the existing capacity qualification process for generation, imports, and demand resources that are participating in the twelfth Forward Capacity Auction (FCA #12) to be held in February 2018 for the 2021-2022 Capacity Commitment Period. Email the training team with questions at MkTraining@iso-ne.com.
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The presentation and recording of the January 26, 2017, FCM Delist webinar are now available on the ISO New England website. This webinar provides market participants with information about the Internal Market Monitor's (IMM) delist cost review process as well as how to complete the IMM's published cost workbooks according to the current market rule. Email the training team with questions at MkTraining@iso-ne.com.
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.
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.
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.
New sloping curves more effectively balance reliability and economics in establishing capacity commitments
On June 28, 2016, the Federal Energy Regulatory Commission (FERC) issued an order accepting the joint proposal by ISO New England and the New England Power Pool (NEPOOL) to implement enhanced system-wide and zonal demand curves for the Forward Capacity Market (FCM), beginning with the eleventh Forward Capacity Auction in 2017. As part of the accepted proposal, a transition mechanism will reduce potential abrupt changes resulting from the new curves. The ISO and NEPOOL submitted the proposal on April 15, 2016.