Access documents related to the Winter Energy Security Initiatives project.
ISO New England and its stakeholders are focused on improving winter energy security in the region in the near-, mid-, and long-term development horizons. Multiple solution paths are being considered and have included interim fuel-security reliability reviews of retirement bids in the Forward Capacity Market (FCM), interim compensation treatment to provide compensation to resources that provide winter energy security to the region, the inclusion of specific opportunity costs in energy market supply offers for oil and dual-fuel resource with limited energy production, improved energy emergency forecasting and reporting protocols, and a three-part market based approach to addressing energy security.
These winter energy security initiatives represent several key projects at the ISO – most notably, the Forward Capacity Market: Retain Resources for Fuel Security Key Project, the Interim Compensation Key Project and the Energy Security Improvements Key Project. The ISO continuously undertakes a variety of short- and long-term projects to enhance the region’s competitive wholesale electricity markets and ensure reliable operation of the power grid.