in News Departments > New & Noteworthy
print the content item

ISO New England, a bulk power system and wholesale electricity market operator, has completed New England's first forward capacity market (FCM) auction, securing a blend of new and existing generation and demand-side resources to supply the 32,305 MW that the six-state region will need in 2010 and 2011.

"New England's competitive wholesale markets are entering a new era," says Gordon van Welie, president and CEO of ISO New England. "We are pleased with the participation and smooth execution of this first auction. This launch creates the market stability needed to encourage the long-term development of New England's bulk electric power system in the most efficient manner possible."

Approximately 39,155 MW of resources from new and existing demand- and supply-side resources competed in the auction's eight rounds, which ran from Feb. 4 to Feb. 6. According to ISO New England, the auction is designed to attract new power system investment and maintain existing power resources, as well as eliminate the need for widespread reliability agreements.

ISO New England says that 15,800 MW of new resources have expressed interest in participating in the second FCM auction, scheduled for December 2008. This includes more than 14,000 MW of supply-side resources from traditional generation resources, including renewables and imports, and more than 1,800 MW of demand-side resources.


Helukabel_id1908
Latest Top Stories

Smart Community Engagement: Twelve Tips Every Wind Developer Should Know

Community engagement helps ensure a project runs smoothly, but it can also save developers money and even lead to a more successful wind industry overall.


Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.

UEA_id1896
WomenofWind_id
JLG_id1900
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886