FERC accepts ISO-NE’s 1st batch of capacity market reforms
Auctions will shift to a “prompt” timeline in 2028, and the process for exiting the market will change.
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Auctions will shift to a “prompt” timeline in 2028, and the process for exiting the market will change.
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Accreditation involves determining a resource’s anticipated reliability contributions during periods of system stress.
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Chris Geissler, director of Economic Analysis, explains how the ISO measures resources’ contribution to grid reliability.
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In this ISO Minute, Chris Geissler explains the changes ahead for the region’s capacity market.
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The reforms are intended to improve power system reliability and cost-effectiveness as the region’s resource mix evolves.
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Market design discussions will continue as the ISO prepares to take its proposals to FERC later this year.
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Three teams of employees presented work the ISO is doing to ensure grid reliability as the resource mix evolves.
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The delay gives ISO-NE and stakeholders time to develop a new structure for the market that helps ensure sufficient energy resources for the region.
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The proposed prompt/seasonal structure would better ensure power system reliability and cost-efficiency as the resource mix evolves.
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Under the new schedule, the 19th Forward Capacity Auction will be held in February 2026.
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