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