Listed below are key projects that have been implemented by ISO New England.
Key projects are select long-term projects of significance that the ISO has undertaken to enhance the region’s competitive wholesale electricity markets and ensure reliable operation of the power grid. The projects have gone through a stakeholder process and/or review by the Federal Energy Regulatory Commission.
Information related to each key project is grouped together for stakeholder convenience. Such information may include committee materials, regulatory filings and orders, and other related materials—many of which are also accessible in other parts of the website.
Accommodating public policy resources into the Forward Capacity Market (FCM)
Clarifying provisions in the Tariff and Planning Procedures in preparation for competitive transmission solicitations
Improving the efficiency of electricity trades between New York and New England
Changes to improve the elective transmission upgrade (ETU) process in New England
A project to provide more flexibility in energy market supply offers
Changes to pricing calculations in the Real-Time Energy Market to better reflect the costs of dispatching resources in certain situations
Evaluating the best way to determine the appropriate number of and boundaries for zones modeled for auctions in the Forward Capacity Market (FCM)
Implementing a two-settlement design (aka, “Pay-for-Performance”) to strengthen financial incentives for all resources in the Forward Capacity Market (FCM) to perform during stressed system conditions
Revising proposed changes to the Forward Capacity Market (FCM) as required by the Federal Energy Regulatory Commission Order ER10-787, issued April 13, 2011
Implementing a demand curve for use in the region’s Forward Capacity Market (FCM)
Information and materials related to a key ISO project to develop a methodology that would allow two or more interconnection requests to be analyzed in the same system impact study and share costs
A project to improve NCPC rules
Assessing the future of the regional power system through two tracks:
An effort to quantify the level of fuel-security risk to power system reliability over a wide range of possible future power resource and fuel combinations
Revising the regional and interregional transmission planning process in compliance with Order No. 1000 from the Federal Energy Regulatory Commission
Ensuring ISO compliance with Order 745: Demand Response Compensation in Organized Wholesale Energy Markets from the Federal Energy Regulatory Commission
Changes to improve the options available to market participants contemplating the permanent removal of capacity from the marketplace and to allow the market to have a better opportunity to react to changes in the amount of existing capacity supply
An collaborative effort by the ISO, the six New England states, and other regional stakeholders to enhance power grid reliability by defining and addressing major challenges to the grid
Changes to improve price formation by ensuring that the price suppliers are paid for real-time performance is a more accurate market signal of the power system’s current operating conditions
Addressing concerns about the ability of power system resources to obtain adequate fuel supplies to perform when dispatched in colder-than-normal weather during winter 2013/2014
Addressing concerns about the ability of power system resources to obtain adequate fuel supplies to perform when dispatched in colder-than-normal weather during winter 2014/2015
Improving winter energy security in New England through near-, mid-, and long-term solutions
Incorporating a fuel-security reliability review methodology into the Forward Capacity Market
Providing compensation to resources that provide winter energy security to the region
Addressing concerns about the ability of power system resources to obtain adequate fuel supplies to perform when dispatched in colder-than-normal weather during winters 2015/2016 through at least 2017/2018, when “Pay-for-Performance” incentives in the redesigned capacity market take effect
A forum to discuss potential wholesale market design changes that would enable competitive markets to better accommodate state public policy objectives in New England.
