What You Need to Know About ISO-NE’s New Pay for Performance Capacity Market Rules

ISO-NE established its Forward Capacity Market (FCM) in 2008 to ensure long-term grid reliability by providing a market-based price signal and revenue stream for generators that commit to meet peak electricity demand in the future. In order to address reliability concerns highlighted by the Polar Vortex of 2014, ISO-NE implemented a Winter Reliability Program, December 2015 through February 2018, as a stopgap measure with the ultimate goal of redesigning the Forward Capacity Market. The post-Polar Vortex market redesign has taken the form of Pay-For-Performance (PFP), which will go into effect on June 1, 2018.

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At GP Energy Management, our portfolio managers and analysts help our clients operate on a level playing field with their competitors. We work with you to define your commodity risk and approach the market on your behalf to shut that risk down and manage all of the workflow thereafter. We do this with an absence of conflicts of interest, no proprietary trading positions and complete transparency delivered in a variety of ways including our cloud-based “Dashboard.”

GP Energy Management, a Genscape company, was founded in 2010 in order to help demystify the complex physical and financial energy commodity markets for all natural participants who need to focus on their core business, and want to leave the commodity markets to us.

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