This update features policy, regulatory, legislative, and regional developments in Connecticut and New England. The policy updates are compiled by a team recently formed with support from CPES, known as the New Energy Professionals. If you are interested in learning more about the New Energy Professionals, the Policy Committee, or if you have ideas for future policy updates, we would welcome your input and feedback. Please send comments to Kathryn Dube, CPES Executive Director, via email: email@example.com
This week’s features:
- ISO New England Issues Preliminary Results of Forward Capacity Auction #11
REGIONAL AND INDUSTRY DEVELOPMENTS
ISO New England Issues Preliminary Results of Forward Capacity Auction #11
New England’s eleventh Forward Capacity Market auction (FCA #11) concluded with sufficient resources to meet demand for electricity in the 2020-2021 time frame, closing at a preliminary, system-wide clearing price of $5.30 per kilowatt-month (kW-month). The auction concluded with commitments from 35,835 MW of capacity resources. No major generators retired in FCA #11 and no new large-scale generators cleared in the auction, but 640 megawatts (MW) of new energy-efficiency and demand-reduction measures—the equivalent of a large power plant—cleared and will be available in 2020-2021. ISO New England plans to file the results of the auction with the Federal Energy Regulatory Commission (FERC) later this month.
For more information, see ISO New England’s FCA #11 initial press release: https://www.iso-ne.com/static-assets/documents/2017/02/20170209_FCA11_initial_pr.pdf.
CPES does not take a position on these legislative proposals; this is provided for informational purposes only to CPES members.