Entries in fcm (51)


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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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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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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ISO-NE and NEPOOL submit proposal to establish sloped demand curve for future Forward Capacity Market auctions

A sloped demand curve will moderate price volatility and eliminate administrative pricing

ISO New England and the New England Power Pool have filed a joint proposal with the Federal Energy Regulatory Commission to establish a sloped demand curve for use in future Forward Capacity Market (FCM) auctions. Each year, ISO New England holds an auction to purchase the amount of capacity (both generation and demand-side resources) that will be needed to satisfy demand for electricity for a one-year commitment period three years into the future.

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SPI News: ISO-NE submits proposal to strengthen performance incentives in New England’s Forward Capacity Market

Resource performance concerns driving FCM redesign

ISO New England submitted a proposal to the Federal Energy Regulatory Commission (FERC) on Friday, January 17, 2014, that provides stronger incentives for resources to undertake investments that ensure they can perform when the power grid is stressed. These changes to key elements of the Forward Capacity Market (FCM) are needed to address significant risks to the continued reliability of the region’s power grid.

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SPI News: FERC accepts ISO-NE's proposal to modify “shortage event” definition

New criteria is effective November 3, 2013

The Federal Energy Regulatory Commission (FERC) has approved ISO New England's proposal to modify the definition of a “shortage event” to bolster the incentives for resources to perform during times of power system stress.

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