New England Power Pool (NEPOOL)
ISO-NE’s proposed resource capacity accreditation updates would result in an estimated 11% increase in capacity market revenues, the RTO told the NEPOOL Markets Committee.
The NEPOOL Participants Committee approved ISO-NE’s Order 2023-A compliance proposal, making incremental changes to its previous plan approved in March.
In a wide-ranging letter, four U.S. senators called for improved transparency and accountability from ISO-NE, and asked the RTO to increase its efforts to facilitate the clean energy transition.
The NEPOOL Transmission Committee voted on to approve updates to ISO-NE’s Order 2023 compliance proposal to account for Order 2023-A.
ISO-NE is decreasing its peak load projections slightly for the next 10 years due to slower-than-expected EV adoption, managed charging programs and changes to its modeling of partial building electrification.
ISO-NE continued work on resource capacity accreditation changes, outlining how changes to the overall resource mix could affect the reliability value of different resource types.
The NEPOOL Participants Committee voted to support an additional two-year delay of FCA 19 to buy time for the RTO to develop and implement resource capacity accreditation changes and shift the overall timeline of capacity auctions.
The NEPOOL Transmission Committee voted to approve a proposal by ISO-NE and the New England States Committee on Electricity to create a new process to facilitate transmission investments that address state-identified, long-term needs associated with the clean energy transition.
ISO-NE presented the NEPOOL Markets Committee with additional results of the impact analysis for the RTO’s resource capacity accreditation project, which looked at how changes to the resource mix would affect the seasonal distribution of shortfall risks.
The NEPOOL Markets Committee approved an additional two-year delay of ISO-NE’s Forward Capacity Auction 19 to develop and implement a new seasonal capacity auction.
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