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Article: ISO New England Provides Details on Initial Agreement for New Capacity Market Design; Majority of Stakeholders Support Forward Auction Approach to Ensure Adequate Electricity Supply; Settlement Talks Continue to Finalize Market Design Specifics.
- Article from:
- Business Wire
- Article date:
- February 1, 2006
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HOLYOKE, Mass. -- A settlement judge overseeing negotiations between ISO New England Inc. and regional stakeholders today filed a report with the Federal Energy Regulatory Commission (FERC) detailing an agreement in principle to propose changes in New England's wholesale capacity markets. According to the report, the majority of New England stakeholders, including four of the six New England states, have agreed in principle to these changes, which would promote investment in new and existing power resources needed to maintain a reliable power system.
The agreement in principle reached today would establish a Forward Procurement Market (FPM) design under which ISO ...