Forward Capacity Auction (FCA)
NEPOOL's Participants Committee acted on modified proposals for ORTPs used for Forward Capacity Market parameters in the 2025/26 capacity commitment period.
ISO-NE's Planning Advisory Committee reviewed the 2021 CELT forecast, noting the progress the region has made in electrifying transportation and heating.
FERC sent ISO-NE a deficiency notice regarding the RTO’s proposed rule revisions for capacity auction values, the NEPOOL Participants Committee heard.
FERC approved revisions to the ISO-NE tariff on recalculating the dynamic delist bid threshold for the Forward Capacity Auction.
ISO-NE’s 15th annual Forward Capacity Auction cleared with prices ranging from $2.48/kW-month to $3.98/kW-month.
NEPOOL’s Markets Committee recommend the Participants Committee support tariff changes that would prevent resources from locking in prices for seven years.
FERC ordered ISO-NE to remove its new-entrant rules for its capacity market, preventing resources from being allowed to lock in their prices.
FERC defended its CASPR order, which permitted ISO-NE to create a 2-stage capacity auction to accommodate state renewable energy procurements
ISO-NE's 2020 Forward Capacity Auction cleared at a record low of $2/kW-month, a nearly 50% drop from the $3.80/kW-month in 2019.
ISO-NE will apply different deposit rules on new capacity resources for Forward Capacity Auction 14 under a proposal approved by FERC.
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