Forward Capacity Market (FCM)
A substantial increase in new clean resources would lower Forward Capacity Auction prices, “crowding out” many existing resources, according to ISO-NE.
Analysts think the results of the PJM capacity auction yesterday will end efforts to build new generation capacity in the RTO’s territory.
Stakeholders are considering 4 of 17 proposals from last year's IMAPP initiative to better incorporate clean energy into ISO-NE's markets.
A forward capacity market may have worked for PJM and ISO-NE, but it isn’t the solution for NYISO, the Market Monitor told IPPNY’s fall conference.
FERC accepted rule changes meant to prevent generation owners in ISO-NE from exercising market power by retiring resources that are still economic.
FERC has again upheld ISO-NE’s limited exemption for renewables from the RTO’s minimum offer price rule.
ISO-NE CEO Gordon van Welie last week again defended the RTO’s capacity auctions to congressmen who say market practices have led to inflated electricity rates for New England ratepayers.
A MISO auction proposal to hold a separate forward capacity procurement auction for deregulated areas is meeting with skepticism from some RTO members.
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