New England Power Pool (NEPOOL)
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.
The NEPOOL Participants Committee unanimously approved ISO-NE’s package of tariff revisions to comply with FERC Order 2023.
ISO-NE’s compliance proposal for Order 2023 failed to meet the voting threshold to receive support from the NEPOOL Transmission Committee.
ISO-NE provided more detail in response to stakeholder questions about how the RTO plans to model oil and gas resources as a part of its Resource Capacity Accreditation project.
ISO-NE presented the NEPOOL Markets Committee with the initial results of the RTO’s Resource Capacity Accreditation.
ISO-NE told the NEPOOL Markets Committee that it is proposing a major redesign to its capacity market, moving from a three-years-ahead schedule to a prompt and seasonal design.
New England power system emissions decreased by about 3.6% in 2023 compared to 2022, according to the underlying data from ISO-NE COO Vamsi Chadalavada’s monthly report.
The NEPOOL Transmission Committee will vote on ISO-NE compliance proposal and stakeholder amendments on Feb. 15.
Improvements are required to the Resource Adequacy Assessment used to calculate capacity requirements and develop resource-specific accreditation values, says the technical manager at ISO-NE.
ISO-NE kicked off work to determine an acceptable level of energy shortfall risk for New England, particularly during extreme weather events.
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