Readers could have seen your ad here when reading this story. Email retailenergyx@gmail.com
       Events        Jobs        Contact        Migration Stats        Supplier Lists        Municipal Aggregation

FERC OKs Settlement On ISO-NE Peak Energy Rent Mechanism, Says Applicability To FCA 9 Beyond Scope

February 21,2018



FERC has approved a settlement among various New England stakeholders which resolves all issues set for hearing in the Commission’s January 19, 2017 order on NEPGA's complaint concerning ISO-NE’s Peak Energy Rent (PER) mechanism.

The Settlement revises ISO-NE’s method for calculating the PER Strike Price, requiring ISO-NE to increase the PER Strike Price for each hour by the amounts that actual five-minute reserve shadow prices exceed the pre-December 2014 Reserve Constraint Penalty Factors values for thirty-minute operating reserves and ten-minute non-spinning reserves ($500/MWh and $850/MWh, respectively) (Adjusted PER Strike Price).

The Settlement provides that the Parties and Non-Opposing Intervenors do not agree regarding the application of the Strike Price methodology agreed to in the Settlement to the ninth Forward Capacity Auction (FCA 9) Capacity Commitment Period (June 1, 2018 – May 31, 2019, Capacity Commitment Period 9).

FERC said in approving the settlement that, with respect to this issue, "we note that, as discussed in the Complaint Order, the PER Strike Price was shown to be unjust and unreasonable for the period at issue in NEPGA’s complaint, i.e., September 30, 2016 – May 31, 2018."

"Accordingly, the applicability of the Adjusted Hourly PER Strike Price to any events that occur during Capacity Commitment Period 9 is beyond the scope of this proceeding," FERC said

Tags:
ISO-NE   Capacity Market   Wholesale   FERC   ISO New England   New England  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Energy-Sales-Representative -- Agent, Broker, Consultant -- Pennsylvania
Director-of-Sales -- Agent, Broker, Consultant -- Florida
Sales-Director -- Agent, Broker, Consultant -- Texas - Houston
Sales-Analyst-Senior-Level -- Retail Supplier -- New York - New York City Metro
Sales-Quality-Training-Manager -- Other -- Pennsylvania


More Stories on RetailEnergyX.com:
Senate Confirms McNamee To FERC
Group Of Pa. Lawmakers Say PJM Capacity Market Opt-Out "May Be" Solution To Keep Nuclear Plants Open
ISO New England Expects To Have Adequate Resources This Winter
PJM Files Regulation Market Tariff Changes To Reduce Occurrence Of Large Spikes In Clearing Prices
FERC Rejects Generator’s Complaint That Sought Use Of Centralized Capacity Procurement In CAISO


comments powered by Disqus





Advertise here:
Email retailenergyx@gmail.com


Events Jobs Contact Migration Stats Supplier Lists Municipal Aggregation

About Disclaimer Privacy Terms of Service

Home


Developed by: Avidweb Technologies inc.