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ISO New England submitted two filings to FERC Tuesday regarding the Forward Capacity Market.
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ISO New England conducted the 16th Forward Capacity Auction as scheduled Monday.
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The annual capacity auction began as scheduled following a D.C. Circuit Court of Appeals order.
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The transition proposal, which includes a renewable technology resource (RTR) exemption, will serve the region with a dual objective of protecting power system reliability while having state-sponsored resources gain entry to the market.
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The filing follows a robust stakeholder process and substantial coordination among a large number of affected entities across the six New England states.
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Numbers are preliminary until the 90-day resettlement process is complete.
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Held each February, the auction procures resources to meet the region’s capacity needs in three years.
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Prices were up in both the day-ahead and real-time markets.
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The December release of the 2021 Wholesale Markets Project Plan (WMPP) is now available on the ISO’s website.
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Naughton replaces Jeffrey McDonald, who has left the organization.
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