Forward Capacity Auction (FCA)
ISO-NE has proposed two new capacity zones for Forward Capacity Auction 10 next year.
GenOn Energy Management, a unit of NRG Energy, asked FERC for relief from what it called an “anomalous, illogical and patently unfair circumstance.”
New England power generators asked a federal appeals court to overturn FERC orders that accepted ISO-NE’s change to a sloped demand curve in advance of this year’s Forward Capacity Auction.
A meeting among the New England congressional delegation, ISO-NE and FERC Chairman Cheryl LaFleur ended the way that it started: with LaFleur and the RTO defending rising capacity prices and the delegation unhappy.
The Connecticut Department of Energy issued its IRP last week, warning of natural gas pipeline constraints and stiffer competition for renewable resources.
ISO-NE filed the results of its ninth Forward Capacity Auction with FERC on Friday, starting the clock on a 45-day comment period.
FERC once again dashed the hopes of the New England congressional delegation seeking to challenge the results of last year’s ISO-NE capacity auction.
The 36% increase in prices in last week’s ISO-NE capacity auction likely represents the peak for the foreseeable future.
The ninth Forward Capacity Auction in ISO-NE saw prices increase by about one-third as 1,400 MW of new resources cleared to replace retiring coal plants.
FERC dismissed a challenge to the pricing rule for new generation in ISO-NE, which Exelon and Calpine had wanted tossed in advance of this week’s FCA.
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