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.
Read full article here
Your Opinion Matters
Have Something To Say About This Story?