Forward Capacity Auction (FCA)
FERC accepted rule changes meant to prevent generation owners in ISO-NE from exercising market power by retiring resources that are still economic.
FERC has again upheld ISO-NE’s limited exemption for renewables from the RTO’s minimum offer price rule.
ISO-NE CEO Gordon van Welie last week again defended the RTO’s capacity auctions to congressmen who say market practices have led to inflated electricity rates for New England ratepayers.
Transmission projects expected to be in service by 2020 are adequate to leave the boundaries of the four zones intact, ISO-NE said.
Deregulated markets in MISO would get a three-year forward capacity auction beginning in 2018, under a proposal unveiled by the RTO.
ISO-NE market rules favoring natural gas clash with renewable energy goals, speakers at the EUCI US/Canada Cross-Border Power Summit said.
FERC's general counsel said that there are “significant benefits” to allowing challenges to rates that take effect as a result of a commission deadlock.
Prices dropped 26% in ISO-NE’s 10th Forward Capacity Auction as new resources more than made up for retiring generation.
FERC ruled that the ISO-NE Tariff is unjust and unreasonable because it uses vertical demand curves in constrained zones.
FERC denied rehearing of its June decision certifying the ninth Forward Capacity Auction results in ISO-NE.
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