Entries in market development (21)


ISO-NE proposes solution to harmonize competitive markets and subsidized resources

ISO New England has posted a four-page outline of its proposal to address concerns about subsidized new resources’ participation in the Forward Capacity Market and their potential effects, including depressed prices or excess capacity. The ISO’s concept proposes to closely coordinate the entry of (subsidized) new resources with the exit of (unsubsidized) existing capacity resources. A more detailed paper explaining the proposal will be released in the near future.

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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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New energy-storage options emerging in New England; ISO-NE publishes primer and makes FERC filing on market participation

June 22 update: Information added on ISO-NE’s May FERC filing. Proposed project megawatts (MW) were also updated to reflect the withdrawal of 50 MW of battery storage to have been included as part of a proposed new natural-gas-fired generator.

For the first time, grid-scale (or utility-scale) battery storage projects are seeking to join New England’s regional power system. Late last year, three projects with a combined 94 megawatts (MW) in nameplate capacity applied for interconnection in Maine, with one planning to go live by the end of 2016 and the other two in 2019.*

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ISO-NE launches web resources for tracking projects and preparing for changes

New customer readiness webpages, a new webpage for the annual work plan, and a redesigned Wholesale Markets Project Plan (WMPP) webpage are now online

ISO New England is pleased to announce several new online resources to help customers follow ISO projects and prepare for upcoming changes to ISO services and systems spanning its three roles: operating the grid, designing and administering wholesale electricity markets, and power system planning. The ISO regularly undertakes projects across these areas to both keep pace with industry changes and continuously improve its services to the region. Projects are developed through an open stakeholder process.

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ISO-NE report on market price formation highlights complexity of issue, regional improvements

Uplift costs are just 1–2% of the total energy market value in New England

On March 4, ISO New England filed its responses to Federal Energy Regulatory Commission (FERC) questions on price formation in wholesale electricity markets. The ISO report includes detailed answers to the technical, complex issues raised by FERC and highlights the significant strides made regionally to achieve pricing that accurately and transparently signals the costs of operating New England’s power system.

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New England readies to move ahead with full integration of demand response after SCOTUS decision

With the US Supreme Court’s January 25 opinion on FERC v EPSA, New England now has a clear path forward for enabling demand-response resources to participate fully in the region’s wholesale electricity marketplace. The court opinion affirmed the ability of the Federal Energy Regulatory Commission (FERC) to establish rules for demand response—a matter that had been in question since May 2014 when the DC Circuit of the US Court of Appeals ruled that FERC did not have this jurisdiction. The ISO can now continue with its plans, which had been delayed by a year due to the legal challenges, to create opportunities and obligations comparable to those of generators for demand response to participate in wholesale electricity markets.

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