ISO-NE provided stakeholders with a high-level overview of its proposed prompt capacity market design and discussed several other aspects of its capacity auction reform project at a two-day meeting of the NEPOOL Markets Committee.

ISO-NE is not planning to pursue the development of simultaneously clearing seasonal capacity auctions as part of its capacity auction reform project.

FERC approved ISO-NE’s proposal to create a day-ahead ancillary services market and retire the current Forward Reserve Market, effective March 1, 2025.

NEPOOL approved a set of tariff changes related to ISO-NE’s Day-Ahead Ancillary Services Initiative proposal at the Participants Committee meeting.

ISO-NE presented stakeholders the pros and cons of moving to a prompt and seasonal capacity market.

ISO-NE is targeting 2025 for the launch of its Day-Ahead Ancillary Services Initiative, to ensure reliable next‐day operating plans with increasing renewables.