Entries in fcm (46)

Thursday
Feb082018

ISO-NE forward capacity auction closes with adequate power system resources for 2021-2022

The ISO will retain about 1,300 megawatts to ensure local reliability

New England’s annual Forward Capacity Market auction for power system resources concluded Tuesday, February 6 with sufficient resources to meet peak demand in 2021-2022, and preliminary results indicate the clearing price was the lowest in five years due to a surplus of capacity in the region. The auction is run by ISO New England to procure the resources that will be needed to meet consumer demand for electricity in three years.

The 12th Forward Capacity Auction closed at a preliminary clearing price of $4.63 per kilowatt-month (kW-month) across New England, compared to $5.30/kW-month in last year’s auction. The auction concluded with commitments from 34,828 MW to be available in 2021-2022, a number that includes 1,103 MW of surplus capacity system-wide and about 1,300 MW of resources that were retained for transmissions security after they sought to delist. 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 8 press release for more details.

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Wednesday
Jan242018

FERC accepts capacity requirements for 2021/2022

The Federal Energy Regulatory Commission (FERC) has accepted ISO New England’s proposed Installed Capacity Requirement (ICR) value of 33,725 megawatts (MW) to be used in the 12th Forward Capacity Market auction (FCA #12), which commences February 5, 2018. The ICR is the amount of capacity (generation, demand-side resources, and imports) the ISO has determined needs to be available in 2021/2022 to meet the region’s projected peak demand, plus required reserves. The ICR value is calculated using reliability requirements based on the probability of disconnecting load due to a resource deficiency (also referred to as Loss of Load Expectation or LOLE) no more than once every 10 years (1-in-10). 

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Monday
Jan082018

ISO-NE files proposal to harmonize competitive markets and state-sponsored resources 

ISO New England today filed proposed tariff changes with the Federal Energy Regulatory Commission (FERC) designed to help accommodate the entry of state-sponsored renewable resources into the Forward Capacity Market (FCM) over time, while protecting the competitive pricing mechanisms that enable the market to work as designed. The ISO’s proposal, Competitive Auctions with Sponsored Policy Resources (CASPR), was developed following the New England Power Pool’s (NEPOOL) Integrating Markets and Public Policy (IMAPP) process, a stakeholder forum aimed at identifying and discussing potential wholesale market design changes that would enable competitive markets to better accommodate state public policy objectives in New England.

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Wednesday
Jan032018

Customer readiness: Prepare for pay-for-performance, price-responsive demand, and other upcoming market changes

ISO New England has launched two new customer readiness pages to help market participants prepare for major adjustments to ISO systems and processes starting June 2018. The webpages detail deadlines customers must meet, scheduled sandbox sessions, related trainings, and technical documentation.

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Monday
Oct302017

Get easy access to helpful ISO-NE maps and diagrams on new webpage

ISO New England is pleased to announce the Maps and Diagrams webpage: a new one-stop-shop for many of the ISO’s most commonly used maps and diagrams related to the electric power system, the wholesale electricity marketplace, system planning, and industry relationships. The page is also a jumping off point to other informative pages across the ISO’s expansive website. The new page can be found under the About Us tab in the Key Grid and Market Stats section.

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Monday
May152017

FCM Participation Guide: now with info on price-responsive demand, automatic matching of new qualified capacity, and more

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.

Information and guidance has been added on the following topics of interest to new resources:

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