ISO New England Forward Capacity Market (Multiple States)

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Last modified on February 12, 2015.

EZFeed Policy

Place Connecticut;Maine;Massachusetts;New Hampshire;Rhode Island;Vermont


   
Applies to States or Provinces Connecticut;Maine;Massachusetts;New Hampshire;Rhode Island;Vermont
Name ISO New England Forward Capacity Market (Rhode Island)
Policy Category Other Policy
Policy Type Generating Facility Rate-Making
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector Non-Profit




























Primary Website http://www.iso-ne.com/markets/othrmkts_data/fcm/



Last Review 2014-09-15


Information Source http://isonewswire.com/updates/2013/2/27/seventh-forward-capacity-market-auction-procures-power-syste.html


Summary

Under the Forward Capacity Market (FCM), ISO New England projects the capacity needs of the region’s power system three years in advance and then holds an annual auction to purchase the power resources that will satisfy those future regional requirements. Resources that clear in the auction are obligated to provide power or curtail demand when called upon by the ISO.

The Forward Capacity Market was developed by ISO New England, the six New England states, and industry stakeholders to promote investment in generation and demand-response resources to meet future demand. The results ensure that the region will have sufficient resources to meet future demand. Resources that clear in the auction are committed to provide power or curtail demand when called upon by the ISO, or risk financial penalties.




      
     
     


















References