Entries in strategic planning initiative (18)


Energy market offer flexibility project explained: Q&A with Vamsi Chadalavada, ISO-NE’s executive VP and COO

On December 3, 2014, ISO New England completed major enhancements to the region’s wholesale energy market that will allow for more accurate price signals in the market and improve power grid reliability. View the press release, and continue reading to learn from Vamsi Chadalavada, ISO New England’s executive vice president and chief operating officer, about the Energy Market Offer Flexibility project, the reasons for undertaking such a massive project, and the benefits to the region’s wholesale electricity markets and to power system reliability.

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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.

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SPI News: One year after shift in Day-Ahead Energy Market timeline, ISO-NE reports positive results to FERC

Just over a year ago, changes accelerating the Day-Ahead Energy Market (DAM) and Reserve Adequacy Analysis (RAA) timelines went into effect in New England. ISO New England and NEPOOL proposed the revisions in an effort to better align the timing of the region’s wholesale electricity and natural gas markets with the goal of improved reliability of the New England power grid. In an order accepting an acceleration of the timelines, the Federal Energy Regulatory Commission also directed the ISO to submit a report on the impact the changes have had on operations one year after they went into effect. On May 23, the ISO published an Informational Report finding that the modifications have incrementally improved gas-electric coordination.

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ISO, stakeholders discuss capacity market reforms at roundtable in Boston

On Friday, February 28, 2014, Robert Ethier, Vice President of Markets Development, delivered a presentation at the New England Electricity Restructuring Roundtable on enhancing the Forward Capacity Market (FCM) to improve resource performance and investment in New England—challenges identified through the Strategic Planning Initiative.

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New England Governors continue their heavy focus on energy issues in 2014

ISO-NE summarizes major themes from the State of the
State Addresses

During January and February 2014, each of the six New England governors gave a State of the State Address highlighting the many energy challenges facing the region.

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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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