Access documents related to nonprice retirement requests, including:
These are requests by resource owners to retire (remove from service) the entire capacity of a resource in a Forward Capacity Auction. The FCA is part of the ISO’s Forward Capacity Market, whereby the ISO projects the needs of the power system three years in advance and then holds an annual auction to purchase power resources to satisfy the region's future needs.
ISO New England reviews nonprice retirement requests for reliability impacts as outlined in PP10. The Reliability Committee also provides input and advice before the ISO makes a formal determination. If the request is rejected (for example, because the loss of the resource’s capacity would cause the ISO to violate reliability standards) the resource owner can either retire the resource as requested, or continue to operate it until the reliability need has been met, and then retire the resource. Retired facilities cannot return to service without major refurbishment or relicensing.
Learn more about the Forward Capacity Market and Auction.