Access documents related to the Energy Security Improvements project.
Both renewable and natural gas-based generation technologies rely on the “just-in-time” delivery of their input energy sources. Given the system’s evolving resource mix and fuel delivery infrastructure, there may be insufficient energy available to the New England power system during extended cold winter weather conditions to satisfy electricity demand. To address this emerging issue, the ISO and its stakeholders are working on a three-part market based approach: a multi-day ahead market, new ancillary services, and seasonal forward procurement.
Along with this project, the ISO has undertaken several interim efforts to improve winter energy security in the region – most notably, the Forward Capacity Market: Retain Resources for Fuel Security Key Project and the Interim Compensation Treatment Key Project.
The Energy Security Improvements Key Project is just one of several key projects at the ISO. The ISO continuously undertakes a variety of short- and long-term projects to enhance the region’s competitive wholesale electricity markets and ensure reliable operation of the power grid.