New England Power Generators Association (NEPGA)
An increasing political anxiety around energy affordability permeated debates about wholesale market changes, federal policy and demand growth at the annual New England Energy Summit.
In New England, increasing winter reliability concerns are driving questions about how long the region’s aging fleet of oil-fired power plants can, or should, remain on the system.
NEPOOL technical committees voted in favor of ISO-NE’s proposal to adopt a prompt capacity auction and update the RTO’s resource retirement process.
NEPOOL members proposed several amendments to the first phase of ISO-NE’s capacity market overhaul prior to the scheduled Markets Committee vote on ISO-NE’s proposal in November.
Capacity auction reforms, a new asset condition reviewer role, parallel transmission planning efforts, new reserve products, Pay-for-Performance changes and interconnection modifications are likely to be on the docket for ISO-NE in 2026.
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.
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.
Pay-for-Performance credits accumulated during capacity scarcity conditions June 24 totaled about $114 million, ISO-NE's COO told the NEPOOL Participants Committee.
The New England Power Generators Association is seeking immediate action from FERC to address what it calls “serious flaws” in the design of ISO-NE’s pay-for-performance mechanism.
ISO-NE CEO Gordon van Welie has announced plans to step down at the end of 2025. He will be replaced by longtime ISO-NE COO Vamsi Chadalavada.
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