Entries in fcm (46)

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.

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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Monday
Jul112016

FERC OKs enhanced system-wide and zonal demand curves for Forward Capacity Auction

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.

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Tuesday
Jul052016

New edition of online FCM Participation Guide now available

The FCM Participation Guide provides quick and easy access to instructions for operating in the region’s Forward Capacity Market

Interested in qualifying a new capacity resource? Want to learn more about the new retirement delist bid process? Need to shed a capacity supply obligation? You can quickly find instructions for all that and more in the ISO’s newly revised FCM Participation Guide. The ISO developed the online guide in 2015 in response to stakeholder requests for additional guidance on completing FCM processes.

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Thursday
May122016

Long-term forecasts: Electricity usage will remain flat and peak demand is expected to grow slowly

ISO-NE has published its annual CELT, energy efficiency, and PV forecasts

ISO New England has published its 2016-2025 Forecast Report of Capacity, Energy, Loads, and Transmission (CELT), a primary source for assumptions used in ISO system planning and reliability studies. It provides a 10-year snapshot of the New England power system, including the total generating capacity of resources in the region, the breakdown of the region’s generators by fuel type, a link to the list of transmission projects proposed, planned, and under construction to ensure system reliability, and the long-term forecast for growth in energy use and peak demand. ISO New England’s long-term forecast for electricity use is developed each year using state and regional economic forecasts, 40 years of weather history in New England, and other factors. The CELT also includes results from the ISO’s latest energy-efficiency (EE) forecast and solar photovoltaic (PV) forecast, which project the load-reducing effects of EE resources and “behind-the-meter” PV resources connected at customer sites to local distribution systems.

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