NEPOOL Markets Committee
ISO-NE told the NEPOOL Markets Committee that it is proposing a major redesign to its capacity market, moving from a three-years-ahead schedule to a prompt and seasonal design.
Analysis Group presented its final report on converting ISO-NE's Forward Capacity Market to a prompt, seasonal construct.
ISO-NE should move to a prompt and seasonal capacity market to better accommodate the evolving mix of resources and reliability risks in the region, Analysis Group told stakeholders at the NEPOOL Markets Committee meeting.
Analysis Group outlined the methodology of its study of major changes to the structure of ISO-NE’s Forward Capacity Market (FCM) at the NEPOOL Markets Committee meeting.
Some clean energy stakeholders have expressed concerns about the impacts that delaying ISO-NE's FCA 19 would have on new resources looking to secure capacity rights in the auction.
A range of clean energy stakeholders outlined questions and concerns about the potential changes in ISO-NE's FCA 19.
New England wholesale market costs were significantly lower in the spring of 2023 compared to spring 2022 and 2021, the ISO-NE Internal Market Monitor told the Markets Committee.
John Phelan, CC BY 3.0, via Wikimedia Commons
Several of the NEPOOL members expressed support for delaying the auction a year to help consider and potentially implement significant changes.
ISO-NE presented stakeholders the pros and cons of moving to a prompt and seasonal capacity market.
ISO-NE wholesale market costs fell in winter 2023 year-over-year, but capacity market costs increased.
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