Internal Market Monitor (IMM)
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.
ISO-NE provided updates on its proposals for generator retirements, market power mitigation, and resource qualification and reactivation.
The Internal Market Monitor weighed in on ISO-NE's proposed capacity market overhaul, expressing support for increased flexibility around resource retirement notifications and recommending the elimination of the pivotal supplier test.
ISO-NE continued work with stakeholders on its capacity auction reform project at the NEPOOL Markets Committee meeting, previewing 2025 discussions on the transition to a prompt capacity auction.
ISO-NE’s Capacity Auction Reforms project will include an evaluation of additional resource accreditation modeling enhancements, the RTO told the NEPOOL Markets Committee.
ISO-NE presented the initial scope of its work to coordinate resource capacity accreditation improvements with proposed capacity market timing changes at the NEPOOL Markets Committee summer meeting.
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.
Fletcher, CC BY-SA 4.0, via Wikimedia Commons
ISO-NE violated its tariff in its handling of construction delays at a Boston-area generating plant, FERC said, slapping the RTO with a $500,000 fine.
The NEPOOL Markets Committee considered changes to ISO-NE's retirement and financial assurance rules.
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