Capacity Market
The New England Power Pool Markets Committee continued to discuss impact assessments of ISO-NE’s proposed energy security improvements.
The NEPOOL Participants Committee approved changes to the requirements for submitting external transactions for capacity imports.
FERC halted PJM’s plan to run its capacity auction next month hours after the MRC reaffirmed the RTO’s decision to move forward as planned.
FERC reduced paperwork for electricity sellers with market-based rate authority, while Commissioner Richard Glick dissented on connected entities.
The NEPOOL Reliability and Transmission Committees jointly met to discuss a multitude of governing document changes and transmission upgrades.
NYISO locational-based marginal prices averaged $24.43/MWh in June, up slightly from $23.10/MWh in May, but down about 25% from the same month a year ago.
FERC capped a three-year-old investigation into MISO’s 2015/16 Planning Resource Auction by finding no market manipulation on Dynegy’s part.
New England regulators and stakeholders told FERC they fear ISO-NE’s fuel security proposal could increase costs without solving winter supply concerns.
NEPOOL voted to recommend requiring solar resources to provide meteorological and operational data to support power production forecasting.
ISO-NE advised FERC that it is revising its fuel security analysis for FCA 14 to assume more natural gas use and bigger contributions from renewables.
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