November 27, 2024

Forward Capacity Auction (FCA)

Members OK Capacity Import Limit; Prices May Rise
Members overwhelmingly approved revised methodology that will limit external generation resources in next year's base capacity auction to 6,200 MW ­- a 17% drop from the volume of that cleared in May's auction.
MIC Begins Work on Curve-Smoothing, Gen Adders
Stakeholders began work last week on an initiative to create more accurate capacity market price curves and a recommendation by the Market Monitor to eliminate adders for FMUs.

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