Entries in fcm (54)


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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Stakeholder discussions underway on ISO-NE's four-zone model for FCM; changes scheduled for FCA-9

ISO New England is targeting 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). The ISO filed a schedule with FERC on July 30 and will continue discussions with stakeholders to comply with a May 31, 2013, FERC order on zonal configuration.

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Massachusetts DPU issues order on capacity needs in Boston area

The Massachusetts Department of Public Utilities (DPU) issued a determination on March 15, 2013, that National Grid and NSTAR should not be required to enter into long-term contracts with developers of electricity generation in Northeast Massachusetts/Greater Boston (NEMA/Boston). The DPU ruled that such a move would only be justified with convincing evidence “that the competitive market had failed and that there were imminent reliability concerns,” conditions that do not exist at this time.

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SPI News: ISO New England releases capacity market white paper 

On October 22, ISO New England released a white paper detailing proposed changes to the Forward Capacity Market (FCM) aimed at increasing performance incentives for resources participating in the wholesale electricity markets. The ISO’s ongoing Strategic Planning Initiative has identified resource performance and flexibility as critical aspects of regional reliability.

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