May 19, 2024

Forward Capacity Auction (FCA)

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Climate Activists Urge FERC to Reject Results of ISO-NE FCA 18

Climate activists from New England are calling on FERC to reject the results of ISO-NE’s Forward Capacity Auction 18, arguing the auction disproportionately favored fossil fuel resources.

NEPOOL Markets Committee Briefs: March 13, 2024
ISO-NE presented the NEPOOL Markets Committee with additional results of the impact analysis for the RTO’s resource capacity accreditation project, which looked at how changes to the resource mix would affect the seasonal distribution of shortfall risks.
NEPOOL MC Backs Further Forward Capacity Auction Delay
The NEPOOL Markets Committee approved an additional two-year delay of ISO-NE’s Forward Capacity Auction 19 to develop and implement a new seasonal capacity auction.
Prices, Renewables Rise in New England Capacity Auction

ISO-NE's capacity prices cleared at $3.58/kW-month in FCA 18, a nearly $1 increase over last year.

NEPOOL Participants Committee Briefs: Feb. 1, 2024
New England power system emissions decreased by about 3.6% in 2023 compared to 2022, according to the underlying data from ISO-NE COO Vamsi Chadalavada’s monthly report.
FERC Approves ISO-NE’s One-Year Delay of FCA 19
FERC has approved ISO-NE’s proposal to delay Forward Capacity Auction 19 by one year, pushing the auction to February 2026.
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Major Changes Ahead for ISO-NE in 2024
ISO-NE enters 2024 with several major projects underway and is grappling with the sweeping changes and long-term uncertainty brought by the clean energy transition.
Analysis Group
Analysis Group Recommends Prompt, Seasonal Capacity Market for ISO-NE
ISO-NE should move to a prompt and seasonal capacity market to better accommodate the evolving mix of resources and reliability risks in the region, Analysis Group told stakeholders at the NEPOOL Markets Committee meeting.
Deepwater Wind
ISO-NE Recommends Delaying FCA 19
A range of clean energy stakeholders outlined questions and concerns about the potential changes in ISO-NE's FCA 19.
NEPOOL Markets Committee Briefs: Aug. 8-10, 2023
New England wholesale market costs were significantly lower in the spring of 2023 compared to spring 2022 and 2021, the ISO-NE Internal Market Monitor told the Markets Committee.

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