Entries in market development (22)

Tuesday
Aug212018

Battery storage is “charging” ahead in New England

ISO-NE continues to remove barriers and expand market access for energy-storage technologies

Grid-scale (also called utility-scale) battery storage is coming on fast in New England. While the region’s wholesale electricity markets are already open to battery storage resources, ISO New England is working to ensure they can fully reflect their physical capabilities to the markets. By 2022, currently proposed new projects could add almost 850 MW of battery storage capacity in the region. (ISO Generator Interconnection Queue, August 17, 2018) When compared to the 19 MW that are currently on line, this is a whopping increase of over 4,000%. Additionally, over 1,000 MW of the 9,400 MW of new wind and solar capacity currently proposed in the region will include some amount of battery storage.

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Monday
Mar122018

FERC issues order accepting CASPR revisions to Forward Capacity Market

The Federal Energy Regulatory Commission (FERC) issued an order on March 9, 2018, accepting ISO New England’s CASPR proposal in its entirety and rejecting all of the arguments raised in protests. The Commission notes that out-of-market state revenues can result in building more capacity than a region needs, overpayment by consumers for capacity, inefficiently low capacity market prices and the erosion of investor confidence. The Commission concludes that the CASPR proposal, along with the New England region’s minimum offer price rules (MOPR), appropriately addresses the issues associated with out-of-market state revenues while ensuring that the overall capacity market can continue to attract and maintain appropriate levels of new resource investment.

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Monday
Jan082018

ISO-NE files proposal to harmonize competitive markets and state-sponsored resources 

ISO New England today filed proposed tariff changes with the Federal Energy Regulatory Commission (FERC) designed to help accommodate the entry of state-sponsored renewable resources into the Forward Capacity Market (FCM) over time, while protecting the competitive pricing mechanisms that enable the market to work as designed. The ISO’s proposal, Competitive Auctions with Sponsored Policy Resources (CASPR), was developed following the New England Power Pool’s (NEPOOL) Integrating Markets and Public Policy (IMAPP) process, a stakeholder forum aimed at identifying and discussing potential wholesale market design changes that would enable competitive markets to better accommodate state public policy objectives in New England.

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Wednesday
Jan032018

Customer readiness: Prepare for pay-for-performance, price-responsive demand, and other upcoming market changes

ISO New England has launched two new customer readiness pages to help market participants prepare for major adjustments to ISO systems and processes starting June 2018. The webpages detail deadlines customers must meet, scheduled sandbox sessions, related trainings, and technical documentation.

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Thursday
Jun292017

ISO-NE marks 20th anniversary

This year marks the 20th anniversary of ISO New England, commemorating two decades of reliable grid operation, the development and administration of new competitive wholesale electricity markets, and planning for the long-term reliability of the system.

Since its creation on July 1, 1997, ISO New England has been a stable presence in an ever-changing energy industry landscape. Learn more about New England's industry progress over the past 20 years and read the press release.

Wednesday
May032017

ISO-NE Chief Economist participates in FERC technical conference on markets and state policies

On May 1 and 2, ISO New England Chief Economist Dr. Matthew White participated in a Federal Energy Regulatory Commission (FERC) technical conference to “explore how the competitive wholesale markets can select resources of interest to state policy makers while preserving the benefits of regional markets and economic resource selection.” Dr. White joined two panels comprised of representatives from neighboring grid operators, the New England states, and other regional stakeholders.

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