New England Power Pool (NEPOOL)
ISO-NE’s regional energy shortfall threshold will rely on a pair of metrics intended to capture the intensity and duration of energy shortfall risks in extreme weather scenarios, the RTO told the NEPOOL Reliability Committee.
ISO-NE reiterated its plans not to include in its capacity auction reform project the development of ambient temperature modeling capabilities or a new simultaneous seasonal auction clearing engine.
ISO-NE projects shortfall risks from extreme weather events to be manageable this winter and expects market mechanisms to provide relief by encouraging fuel conservation and replenishment.
An ongoing labor dispute at the hotel hosting ISO-NE’s annual open board meeting drove sparse attendance and harsh criticism from members of consumer and climate advocacy groups.
ISO-NE is pausing its discussions with stakeholders on Order 1920 compliance due to uncertainty from outstanding rehearing requests, legal challenges and recent indications of potential updates to the order from FERC commissioners.
ISO-NE is working to add the capability to model preemptive actions to its probabilistic energy adequacy tool, the RTO told the NEPOOL stakeholders.
ISO-NE is not planning to pursue the development of simultaneously clearing seasonal capacity auctions as part of its capacity auction reform project.
A recently filed proposal by ISO-NE to increase the collateral requirements for generators with capacity supply obligations has received strong pushback from the New England Power Generators Association.
The RTO will next year focus on capacity auction reforms, establishing a regional energy shortfall threshold, complying with FERC orders 1920 and 2023, and implementing market and technology improvements.
ISO-NE submitted its compliance to the commission in May, but FERC has yet to rule on the proposal, throwing a wrench in the RTO's implementation timeline.
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