New England Power Pool (NEPOOL)
ISO-NE kicked off NEPOOL discussions for the second phase of its capacity auction reform project, beginning long-awaited talks on accreditation and seasonal capacity auction changes.
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.
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.
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.
FERC and state regulators examined issues around ISO/RTO governance during a meeting of the Federal-State Current Issues Collaborative in Boston, with members from PJM pushing for the biggest changes.
Retiring ISO-NE CEO Gordon van Welie discussed the changes he helped oversee during his time at the RTO, including the rise of gas generation and major investments in transmission infrastructure.
ISO-NE’s regional network service rate is set to decrease by about 1% in 2026, dropping from $185.28/kW-year in 2025 to $183.71/kW-year in 2026.
ISO-NE provided updates on its proposals for generator retirements, market power mitigation, and resource qualification and reactivation.
ISO-NE and stakeholders discussed market performance, capacity auction reforms, the RTO’s 2026 budget and asset condition spending at the summer meeting of the NEPOOL Participants Committee.
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