asset condition project
New England transmission owners have added 39 new projects in the annual update to the region’s asset condition forecast, the companies told the ISO-NE Planning Advisory Committee.
Increased demand flexibility could significantly reduce production costs, capital costs, and transmission costs in New England by better-aligning load with generation and reducing peak loads, ISO-NE said.
Asset condition costs in New England have grown by $95 million since March, according to an update to the asset condition project list presented by the region’s transmission owners.
ISO-NE announced it is open to taking on a limited “asset condition reviewer” role, intended to help increase oversight of transmission infrastructure projects.
ISO-NE presented additional modeling scenarios for its 2024 Economic Study related to offshore wind and fossil retirements.
Presenting to the ISO-NE Planning Advisory Committee, Eversource Energy introduced a new set of asset-condition projects that could cost the region billions over multiple decades.
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.
Unlocking the full potential of Quebec hydropower to balance renewables through the Northeast will require major efforts to overcome barriers to transmission planning, according to speakers at a webinar led by the Acadia Center.
New England transmission owners discussed updates to the guidelines for asset condition project presentations at the ISO-NE PAC to address concerns from states about transparency amid ballooning costs.
As the variability of generation and demand increases on the grid, market enhancements may be needed to promote dispatchable resources, ISO-NE told the PAC.
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