NEPOOL Participants Committee
Consistently cold weather drove record-high December energy market costs for ISO-NE and caused the region to rely heavily on stored oil and LNG injections.
The NEPOOL Participants Committee voted nearly unanimously to support the first phase of ISO-NE’s capacity auction reform project.
ISO-NE’s probabilistic modeling indicates there is minimal risk of shortfall in the upcoming winter, COO Vamsi Chadalavada told the NEPOOL Participants Committee.
ISO-NE received six proposals from four different companies in response to its request for proposals to address transmission constraints and interconnect onshore wind in Maine.
Capacity auction reforms, a new asset condition reviewer role, parallel transmission planning efforts, new reserve products, Pay-for-Performance changes and interconnection modifications are likely to be on the docket for ISO-NE in 2026.
The New England wholesale electricity markets performed competitively in 2024, while decreased imports and higher emissions compliance rates increased overall market costs, the ISO-NE Internal Market Monitor told the NEPOOL Participants Committee.
Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.
ISO-NE and stakeholders discussed market performance, capacity auction reforms, the RTO’s 2026 budget and asset condition spending at the summer meeting of the NEPOOL Participants Committee.
The NEPOOL Participants Committee voted to support an expedited filing adjusting several key dates in ISO-NE’s compliance proposal for FERC Order 2023.
In an appearance before the NEPOOL Participants Committee, ISO-NE CEO Gordon van Welie discussed his recent testimony at the U.S. House Energy and Commerce Subcommittee on Energy.
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