The NEPOOL Markets Committee reviewed proposals by ISO-NE and stakeholders to change the offer review trigger prices for renewables.

NEPOOL’s Markets Committee recommend the Participants Committee support tariff changes that would prevent resources from locking in prices for seven years.

The NEPOOL Markets Committee passed a motion to update FCM parameters for the 2025/26 capacity commitment period and discussed Order 841.

The Markets Committee heard an update on ISO-NE’s next Order 841 compliance filing and its proposal to sunset the Forward Reserve Market.

The NEPOOL Markets Committee held a three-day meeting, with much of the time devoted to revising parameters for Forward Capacity Auction 16.

New England’s total wholesale costs of electricity last year fell 19% to $9.8 billion, according to the ISO-NE Market Monitor’s 2019 Annual Markets Report.