Entries in fcm (30)

Wednesday
Jun112014

FERC accepts tighter timeframe for reponses to non-price retirement requests in FCA

The Federal Energy Regulatory Committee (FERC) issued a letter order on June 4, 2014, accepting a tighter deadline for providing notice of intent to retire an existing capacity or demand resource despite rejection of a non-price retirement request (NPRR). The proposed rule change was filed in April by ISO New England and the New England Power Pool (NEPOOL) in order to improve the function of the Forward Capacity Auction (FCA).

Effective June 9, 2014, resource owners in these cases must notify the ISO of the intent to retire a resource no later than 15 days prior to the commencement of the FCA. Previously, notification was required within six months of the ISO’s notice that the NPRR was not approved.

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Tuesday
Jun032014

SPI News: FERC largely accepts ISO-NE’s Pay-for-Performance proposal and part of NEPOOL’s alternate proposal to help boost resource performance in New England

Unanimous decision of all four commissioners

The Federal Energy Regulatory Commission (FERC) issued an order on ISO New England’s “pay-for-performance” proposal to strengthen performance incentives in the Forward Capacity Market and the alternative New England Power Pool (NEPOOL) proposal that sought to make modifications mainly to the region’s energy markets. While FERC found that neither proposal was shown to be just and reasonable on its own, it largely accepted the ISO’s proposal (with modifications), and also accepted a portion of NEPOOL’s proposal to increase the Reserve Constraint Penalty Factor in the energy market during times of scarcity conditions.

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Tuesday
Jun032014

SPI News: FERC accepts ISO-NE and NEPOOL proposal to institute downward-sloping demand curve in New England’s capacity market

The Federal Energy Regulatory Commission (FERC) issued an order on
May 30, conditionally accepting the ISO New England and New England Power Pool proposal to implement a downward-sloping demand curve in the Forward Capacity Market. A sloped demand curve will help moderate price volatility over time and will also allow the removal of administrative pricing triggers, such as the Insufficient Competition and Insufficient Supply rules.

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Friday
May232014

FCA #9: New offer review trigger prices (ORTPs) are accepted by FERC

Revised ORTPs went into effect May 13

On May 12, 2014, the Federal Energy Regulatory Commission (FERC) approved several revisions ISO New England proposed to offer review trigger prices (ORTPs) in the Forward Capacity Market (FCM). The new ORTPs are effective May 13, 2014, to ensure that market participants preparing qualification packages for the ninth Forward Capacity Auction (FCA #9) have certainty regarding the applicable ORTPs in advance of the June 17, 2014, qualification deadline.

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Monday
May052014

Article by ISO-NE CEO on the benefits of ISO-NE’s Pay-for-Performance proposal featured in Public Utilities Fortnightly

The May issue of Public Utilities Fortnightly includes an article by Gordon van Welie, ISO New England’s president and CEO, that discusses how the ISO’s proposal to change the Forward Capacity Market (FCM) will improve resource performance and power system reliability. The article was in response to a column that ran in the April edition of Public Utilities Fortnightly, entitled, “Scare Tactics.”

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Tuesday
Apr292014

FERC accepts ISO-NE’s capacity zone modeling proposal

ISO New England has targeted the ninth Forward Capacity Auction (FCA #9), scheduled for February 2015, to implement changes to the modeling of zones in the region’s Forward Capacity Market (FCM).

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