Regional transmission investment: Fall 2020 update
The ISO recently published the October 2020 update to the Regional System Plan (RSP) Project List, which details Pool Transmission Facility (PTF) projects needed to ensure reliability in New England. Since the June 2020 update, 5 upgrades were placed in service, and 16 new projects were added. Since 2002, a cumulative total of 818 project components representing an investment of $11.3 billion have been placed into service to help ensure that New England’s transmission system continues to reliably and efficiently move wholesale electricity across the region.
|About the RSP Project List
Published three times a year (March, June, and October), the RSP Project List describes the status of regional transmission reliability projects. As a part of the regional system planning process, the ISO must continually:
As of October 2020, the update presentation lists 61 active projects across all six New England states. This includes:
- 21 projects under construction
- 23 planned projects
- 17 proposed projects
The estimated cost of active future projects through 2026 is under $1.5 billion.
In addition to helping ensure the region can count on the electricity it needs every minute of every day, transmission system upgrades also help lower wholesale electricity costs and enable the development and use of cleaner energy resources. Improving the movement of electricity across the region and into areas of limited transmission and high demand:
- Allows more competition among generators, reduces congestion charges in the energy market, reduces the need for expensive generator reliability agreements, and reduces out-of-market generator dispatch payments
- Allows older, more expensive generators to retire, making way for cleaner, more efficient, less expensive resources
Regional energy trends can affect transmission needs. For example, the New England states are national leaders in energy-efficiency (EE) policies and programs. EE savings—when coupled with new generators and other transmission upgrades—may allow the region to defer certain transmission projects deemed necessary to address reliability needs.
With their continued expansion, solar photovoltaic (PV) resources and other forms of distributed generation may also one day be able to alleviate or prevent constraints in regional power system transmission or distribution, and reduce or eliminate the need to install new transmission or distribution facilities.
Additionally, market resource alternatives (MRAs)—such as new generators or demand-response resources—may in some cases be able to help alleviate transmission needs.
- See the ISO website for an overview of the system planning process, RSP development, and the various assessments and studies performed.
- The most current RSP Project List is always available on the Regional System Plan and Related Analyses page.
- Read Integration of Renewable Resources and Other New Technologies and Solar Power in New England: Locations and Impact to learn more about clean-energy resources in New England.
- See the ISO’s long-term annual EE forecast and PV forecast.
- Inside ISO New England