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ISO-NE Releases Discussion Paper On "Energy Security" Challenges, Solutions
April 03,2019 ISO New England has released a discussion paper on energy security challenges and solutions The ISO said that, "Building upon the existing competitive wholesale electricity structure, the ISO envisions three core components to achieve these goals." They are: • Multi-day ahead market. Expand the current one-day-ahead market into a multi-day ahead market, optimizing energy (including stored fuel energy) over a multi-day timeframe and producing multi-day clearing prices for market participants’ energy obligations. • New ancillary services in the day-ahead market. Create several new, voluntary ancillary services in the day-ahead market that provide, and compensate for, the flexibility of energy ‘on demand’ to manage uncertainties each operating day. • Seasonal forward market. Conduct a voluntary, competitive seasonal auction that provides asset owners with both the incentive, and necessary compensation, to invest in supplemental supply arrangements for the coming winter. "Taken together, these three market changes will help signal, through transparent market prices, the costs of operating a reliable power system as the region’s generation fleet continues to evolve," the ISO said The publication of the white paper will serve as a catalyst for further discussions among the ISO and stakeholders regarding these challenges and proposed solutions. These discussions will continue over the summer, and the ISO is aiming to file its long-term proposal at FERC by October 15, 2019, with the changes to be implemented on June 1, 2024. See the discussion paper here
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