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On December 2, 2020, FERC ordered ISO New England, Inc. (“ISO-NE”) to remove the price-lock mechanism and zero-price offer rule (together, the “New Entrant Rules”) from Tariff provisions relating to its Forward Capacity Market (“FCM”), finding that the price certainty benefit afforded by these rules no longer outweighs their price suppressive effects. FERC also clarified that its termination of these rules would not impact price-lock agreements in effect prior to the issuance of its order. FERC thus ordered ISO-NE to eliminate the New Entrant rules starting in its sixteenth Forward Capacity Auction (“FCA”).
Thu, 12/10/2020 - 11:55am tim
Vermont Business Magazine Milder winter weather will contribute to abundant electricity in the region. ISO New England Inc, operator of the region’s power grid, expects to have sufficient supplies to meet New England’s electric needs this winter under both normal and short durations of extreme temperatures for the region’s coldest months, spanning December 2020 through February 2021.
“Based on weather forecasts, fuel inventory assessments, and decreasing peak energy usage trends, the ISO expects the region will have the electricity it needs to meet consumer demand and maintain system reliability this winter,” said Peter Brandien, Vice President of System Operations & Market Administration for ISO New England. “However, conditions still exist such that if the region experiences an extended period of extreme cold weather, fuel supplies into the region could become constrained resulting in challenging system operations.”