On August 15, 2023, ISO New England (ISO-NE) presented preliminary results for an extended timeframe through Winter 2032 as the next phase in its ongoing exploration of potential resource adequacy impacts during extreme winter weather that may occur as a result of expected retirements of existing, mostly fossil fuel, generators and the potential retirement of the Everett Marine Terminal, a liquefied natural gas (“LNG”) facility serving New England. … More
Tag Archives: ISO-NE
On July 2, the Federal Energy Regulatory Commission (“FERC”) issued an Order denying ISO-NE’s request to waive certain tariff provisions which would have permitted cost-of-service agreements for the continued operation of Exelon’s Mystic Units 8 and 9 (“units”). In addition, the Order instituted a proceeding under Section 206 of the Federal Power Act (“FPA”) requiring the ISO to submit interim tariff revisions for a short-term,… More
Effective June 1, ISO-NE implemented a number of changes to its market rules, systems, and procedures related to the operation of the regional wholesale electricity markets. The most significant of these changes include:
- the Forward Capacity Market Pay for Performance initiative (“PFP”); and
- the Price-Responsive Demand (PRD) structure.
The two programs, released simultaneously earlier this month, will affect both traditional generation resources and demand response resources alike.… More