Capacity Market
NYISO will see improved transmission deliverability within its borders and with PJM this winter but reduced interchange with ISO-NE, stakeholders were told.
Potential changes to ISO-NE's capacity market include updates to its resource capacity accreditation (RCA) methodology, along with prompt and seasonal capacity market formats.
ISO-NE outlined how FERC’s time extension for Order 2023 compliance will impact its proposal at a meeting of the NEPOOL Transmission Committee.
PJM's Independent Market Monitor filed a FERC complaint alleging the RTO's Capacity Performance penalty structure undermines reliability and offered an alternative calculation based on capacity revenues.
Analysis Group outlined the methodology of its study of major changes to the structure of ISO-NE’s Forward Capacity Market (FCM) at the NEPOOL Markets Committee meeting.
Stakeholders appear divided over MISO’s proposal to use a downward sloping demand curve in its capacity auction, with criticisms mostly aimed at a provision to allow utilities to opt out of the auction for three years at a time.
Generators that plan to come online by the start of the 2025/26 delivery year will have until Dec. 12 to notify PJM of their intent to participate in the Base Residual Auction for that year.
NEPOOL members voted to delay FCA 19 by one year, seeking time to revise its capacity accreditation rules and consider a prompt or seasonal market.
PJM stated that FERC's approval of a six-day extension of the comment period in its CIFP filings would not affect the feasibility of having market changes implemented for the 2025/26 capacity auction slated for June 2024.
The PJM Markets and Reliability Committee rejected a proposal to change the rules for how generators with co-located load may enter into the capacity market during its Oct. 25 meeting.
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