The Forward Capacity Market (FCM) ensures that the New England power system will have sufficient resources to meet the future demand for electricity. Forward Capacity Auctions (FCAs) are held annually, three years in advance of the operating period. Resources compete in the auctions to obtain a commitment to supply capacity in exchange for a market-priced capacity payment. These payments help support the development of new resources. Capacity payments also help retain existing resources. For example, they incentivize investment in technology or practices that help ensure strong performance. They also serve as a stable revenue stream for resources that help meet peak demand but don’t run often the rest of the year.
If you’re new to or need guidance with FCM processes, follow the FCM Participation Guide.
Forms and other FCM-related information are accessible below. Use the filters to sort materials by capacity commitment period or to find specific types of materials, such as:
See the FCM reports section in ISO Express for a large selection of real-time and historical ISO data and reports that can help market participants make informed decisions.