Forward Capacity Auction (FCA)
ISO-NE’s 15th annual Forward Capacity Auction cleared with prices ranging from $2.48/kW-month to $3.98/kW-month.
NEPOOL’s Markets Committee recommend the Participants Committee support tariff changes that would prevent resources from locking in prices for seven years.
FERC ordered ISO-NE to remove its new-entrant rules for its capacity market, preventing resources from being allowed to lock in their prices.
FERC defended its CASPR order, which permitted ISO-NE to create a 2-stage capacity auction to accommodate state renewable energy procurements
ISO-NE's 2020 Forward Capacity Auction cleared at a record low of $2/kW-month, a nearly 50% drop from the $3.80/kW-month in 2019.
ISO-NE will apply different deposit rules on new capacity resources for Forward Capacity Auction 14 under a proposal approved by FERC.
NEPOOL’s Reliability Committee did not endorse ISO-NE’s installed capacity requirement values, as the Generation and Supplier sectors voted in opposition.
A ISO-NE whitepaper attempts to chart a course for the RTO to develop new market-based solutions to overcome New England’s energy security challenges.
FERC approved ISO-NE’s proposed values for the Installed Capacity Requirement, capability credits and related values in time for the capacity auction.
The D.C. Circuit Court of Appeals dismissed claims that FERC had failed to consider the effects of the closure of Brayton Point on ISO-NE’s FCA 9 and 10.
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