ISO New England (ISO-NE)
The Trump administration is moving to close the door on U.S. offshore wind development by remanding approvals for all projects not already under construction.
FERC approved a follow-up filing for ISO-NE’s compliance with Orders 2023 and 2023-A, authorizing variations from the final rule related to interconnection point modifications, cost allocation, and commercial readiness deposits.
ISO-NE said it is open to capping the balancing ratio used to calculate Pay-for-Performance payments to prevent capacity resources from being required to provide more power than their capacity supply obligations.
As the first phase of ISO-NE’s capacity market overhaul nears its final form, New England stakeholders remain mixed on the proposed move from a forward to a prompt capacity auction.
The addition of 3,500 MW of offshore wind capacity would have reduced ISO-NE energy market costs by about $400 million over the past winter, according to a recent study by Daymark Energy Advisors.
ISO-NE warned any significant delay of the Revolution Wind project will increase risk to the reliability of the New England grid and undermine the region’s economy.
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.
After receiving positive feedback from stakeholders, ISO-NE plans to proceed with its proposal for a quantitative threshold to determine an acceptable level of energy shortfall risk for the region.
ISO-NE presented the final design details and tariff changes for the first phase of its Capacity Auction Reforms project in preparation for a stakeholder vote in October.
The Massachusetts Department of Energy Resources and the state’s investor-owned electric utilities have issued a request for proposals to procure up to 1,500 MW of mid-duration energy storage.
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