Entries in fcm (58)


ISO-NE releases updated discussion paper on the role of the capacity market in ensuring a reliable, renewable energy future

On October 30, 2015, ISO New England released the discussion paper, The Importance of a Performance-Based Capacity Market to Ensure Reliability as the Grid Adapts to a Renewable Energy Future. The paper has been updated from the original version published in June to include stakeholder feedback. The purpose of the paper is to inform discussions with the New England Conference of Public Utilities Commissioners (NECPUC), the New England States Committee on Electricity (NESCOE), and the New England Power Pool (NEPOOL) about the interaction of competitive wholesale electricity market design and state policy objectives for renewable energy.

Click to read more ...


FERC approves potential new capacity zone boundaries for FCA #10

The Federal Energy Regulatory Commission (FERC) has issued an order accepting a filing ISO New England submitted on April 6, identifying two potential new boundaries for capacity zones for the tenth Forward Capacity Auction (FCA #10). The filing is consistent with a FERC requirement that ISO New England have a process for determining the appropriate number of, and boundaries of, capacity zones in the New England region over time as conditions change. Under the FCM rules, new capacity zones must be approved by FERC before the qualification deadline for existing resources, which for FCA #10 is June 1, 2015. This also is the deadline for resource owners to submit delist bids. FCA #10 will take place in February 2016 for resources needed beginning June 1, 2019.

Click to read more ...


FERC accepts rule changes for regional Elective Transmission Upgrades

New mechanisms for ETUs now in effect

On April 14, 2015, the Federal Energy Regulatory Commission accepted proposed changes to rules related to Elective Transmission Upgrades (ETUs)—merchant-funded transmission interconnections in New England.

Click to read more ...


Coming February 24: ISO-NE to release new Energy-Efficiency Measure database for resources in the FCM

Sandbox environment already open for participants with EE projects

New England is a national leader in developing energy-efficiency (EE) policies and programs. The region now has 1,500 megawatts of EE resources providing capacity in the Forward Capacity Market (FCM), and this amount is likely to increase as the six states are expected to invest more than $6 billion in EE between 2017 and 2023.

Click to read more ...


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.

Click to read more ...


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.

Click to read more ...