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

NEPOOL members are trying to cull and combine nine proposals for the Transition to the Future Grid study that ISO-NE has agreed to perform.

The NEPOOL Markets Committee devoted the bulk of its meeting to debating changes to inputs and assumptions that will govern FCA 16 in February 2022.

The NEPOOL Markets and Reliability committees heard presentations on studies on how increasing renewables and electrification will affect the ISO-NE grid.

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.

AEE presented a paper recommending that ISO-NE and NEPOOL consider borrowing from NYISO’s effort to plan for a renewable-heavy future.

ISO-NE’s winter wholesale market costs totaled $1.8 billion, a 32% decrease from the previous winter because of lower energy and capacity costs.

ISO-NE’s wholesale market costs last fall declined 38% year over year to $1.5 billion, with both energy and capacity market costs decreasing significantly.

ISO-NE’s Energy Security Improvements initiative hit a snag when the NEPOOL Markets Committee failed to recommend it to the Participants Committee.

ISO-NE is wrapping up its Energy Security Improvements initiative ahead of a FERC deadline, stakeholders learned during a NEPOOL Markets Committee meeting.