Forward Capacity Auction (FCA)
FERC denied requests for rehearing of its order that approved capacity market changes to prevent ISO-NE generation owners from economic resource retirement.
ISO-NE has barred Invenergy’s planned Clear River Energy Center Unit 2 from offering into February’s capacity auction because of permitting delays.
FERC approved ISO-NE’s request not to disclose any proprietary information from certain de-list bids for the 12th Forward Capacity Auction.
FERC accepted ISO-NE’s updated cost of new entry (CONE) and offer review trigger price (ORTP), effective March 15, 2017.
ISO-NE advanced the idea of excluding competitive new resources from functioning as demand in a proposed “substitution” capacity auction.
ISO-NE presented its proposal for a two-tiered capacity auction that would incorporate state-mandated renewable generation at the FERC technical conference.
Millstone will bid into the ISO-NE 12th Forward Capacity Auction next year, indicating Dominion expects it to continue operations into 2022.
The NEPOOL IMAPP collaborative process will suspend its monthly meetings until May to allow ISO-NE more time to develop a new market design.
Prices dropped by one-quarter to $5.30/kW-month in the ISO-NE 11th Forward Capacity Auction, the lowest since 2013.
ISO-NE staff told the Planning Advisory Committee it is recommending the RTO not move forward on the Keene Road transmission project.
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