resource capacity accreditation (RCA)
ISO-NE reiterated its plans not to include in its capacity auction reform project the development of ambient temperature modeling capabilities or a new simultaneous seasonal auction clearing engine.
ISO-NE’s Capacity Auction Reforms project will include an evaluation of additional resource accreditation modeling enhancements, the RTO told the NEPOOL Markets Committee.
A major multiday energy storage project in central Maine intended to ease congestion is moving forward thanks to $147 million in federal funding.
ISO-NE responded to stakeholder feedback on its capacity auction reform project at the NEPOOL Markets Committee meeting, providing clarity on the scope of its capacity market overhaul.
As ISO-NE undertakes major capacity market accreditation reforms, New England storage developers are voicing concerns that potential flaws in the RTO’s modeling methodology could discourage new investments in storage resources.
ISO-NE presented the initial scope of its work to coordinate resource capacity accreditation improvements with proposed capacity market timing changes at the NEPOOL Markets Committee summer meeting.
NEPOOL held its annual summer Participants Committee meeting in New Hampshire during a multiday stretch of extreme heat and high demand on the New England grid.
FERC has accepted the results of ISO-NE’s forward capacity auction 18, finding the auction was run according to the rules of ISO’s tariff and protests submitted by climate activists were outside the scope of the proceeding.
Governance structures and market rules at ISO-NE that favor incumbent interests have contributed to pushing the region into costly and carbon-intensive reliability solutions, law professor Joshua Macey told the Consumer Liaison Group.
Battery storage remains largely reliant on state programs and subsidies to be viable in Massachusetts but could increasingly stand on its own as renewable energy proliferates, a panel of energy storage experts said.
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