cost of new entry (CONE)
MISO’s 2022/23 capacity auction saw all its Midwest zones clearing at the nearly $240/MW-day cost of new entry, signaling a need for additional generation.
FERC ordered PJM to remove the 10% cost adder for the reference resource used to establish the VRR curve in the RTO’s capacity market.
PJM's upcoming 2023/24 BRA is set to be delayed again after FERC partially reversed its 2020 decision on the RTO’s energy price formation revisions.
Many stakeholders are uneasy with MISO's plan for a seasonal capacity accreditation based on a generating unit’s past performance during tight conditions.
FERC denied a rehearing request by EPSA and NEPGA related to the recalculated values used in ISO-NE’s Forward Capacity Market.
ISO-NE proposed an installed capacity requirement of 32,568 MW for FCA 16, a 1,585-MW decrease from FCA 15, at the NEPOOL Reliability Committee meeting.
Capacity prices in most of PJM dropped by nearly two-thirds for 2022/23, with EMAAC and SWMAAC recording their lowest prices ever.
NYISO's BIC approved manual revisions to accommodate a change to the maximum clearing price calculation for ICAP demand curves.
FERC approved an update of NYISO's capacity market demand curves but the commission rejected the proposed 17-year amortization period.
NEPOOL's Participants Committee acted on modified proposals for ORTPs used for Forward Capacity Market parameters in the 2025/26 capacity commitment period.
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