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      • Markets and Operations
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      Qualification Process for New Generators

      Qualification Steps

      • Back to Top of Page
      • 1. Submit a show of interest (SOI)
      • 2. Carry Over a Previous SOI (Optional)
      • 3. Pay the Qualification Process Cost Reimbursement Deposit
      • 4. Submit a New Capacity Qualification Package
      • 5. Undergo Initial Interconnection Analysis
      • 6. Report Changes that May Reduce Capacity
      • 7. Access Your Qualification Determination Notification
      • 8. Anticipate Automatic Matching of Qualified Additional Capacity
      • 9. Submit a Composite Offer (Optional)
      • 10. View Your FCA Qualified Capacity
      • 11. Designate Self-Supplied Capacity (Optional)
      • 12. Meet the Financial Assurance Requirement
      • 13. Elect Critical Path Schedule Monitoring (Optional)
      • 14. Learn About FCM Settlement and Billing
      • Back to Table of Contents
       
       

      Qualification ProcessStep 1: Submit a Show of Interest (SOI)

      New resources that want to participate in the Forward Capacity Market (FCM) must submit documentation demonstrating the resource’s ability to operate at a specific megawatt value for the relevant capacity commitment period. ISO New England evaluates this information to confirm capacity:

      • Qualification criteria are different for each resource type.
      • New resources will be qualified for a specific megawatt (MW) value for a specific capacity commitment period.

      The first step in qualifying a new resource is submitting a New Capacity Show of Interest form with project information via the Forward Capacity Tracking System (FCTS). The following video will walk you through how to submit a Show of Interest:

      Regarding substitution auction participation: New renewable, clean, zero carbon or alternative resources that receive a government-regulated rate, charge, or other regulated cost recovery mechanism outside of ISO markets (“sponsored policy resources”) can elect to participate in a substitution auction. Be aware that some of the deadlines overlap with those for the primary auction. See the FCM Substitution Auction Overview and Timeline and Supply Participation in the FCM Substitution Auction for details.

      A new generator must have a valid and active interconnection request in place by the close of the SOI submission window with either ISO New England or the local transmission/distribution company, depending on interconnecting jurisdiction. For details, see the following sections of the Open Access Transmission Tariff (OATT): Schedule 22, Large Generator Interconnection Procedures; Schedule 23, Small Generator Interconnection Procedures; and Schedule 25, Elective Transmission Upgrade Interconnection Procedures.

      Please consult the flowchart provided in the ISO New England Interconnection Process Guide for more information on determining which interconnection process your new generator must follow. Note that any generator interconnecting to a distribution facility subject to the ISO Tariff must follow the ISO interconnection process to be eligible to seek FCM qualification. The local interconnecting distribution company is responsible for determining whether or not a distribution facility is subject to the ISO Tariff.

      Projects whose interconnection falls outside the ISO’s jurisdiction must provide a copy of the interconnection application submitted to the distribution company specifying the point of interconnection, substation name, distribution feeder number, interconnecting distribution company name, and the specific project tracking number used by the distribution company during the interconnection process. Project sponsors must also self-certify that they hold full and direct site control and title to the capacity rights and that the local interconnecting distribution company has determined that the project’s point of interconnection is NOT subject to the ISO Tariff. Please consult the “New Generation and Imports Show of Interest” training for more information.

      Generators that submitted an SOI in the last qualification cycle but withdrew, didn’t clear, or only partially cleared can reuse the information in that SOI. See the carryover instructions.

      Note that there are two types of new generating resources:

      • Intermittent generators are wind, solar, run-of-river hydro, and other renewable resources that do not have control over their net power output.
      • Non-intermittent generators can control their net power output. Examples include natural gas- and coal-fired resources and nuclear resources.

      Typically, resources must be comprised of one single generation type. However, inverter-based intermittent generation (such as solar or wind) that is co-located within the same facility as an energy storage component may be able to qualify as either a non-intermittent or intermittent resource. Please consult the Market Participation Options for Combined Intermittent/Electric Storage Facilities training available on the Training Materials webpage for more information.

      New Capacity Eligibility

      An SOI can be submitted for a new generator that hasn’t previously cleared in an FCA.

      Certain kinds of existing generation may also seek qualification as a new resource:

      • Incremental resources—Resources can qualify an incremental amount of capacity above their FCA summer qualified capacity (and only that incremental amount) as new if both conditions exist:
        • The incremental capacity is less than or equal to the greater of 20% of the existing qualified capacity or 40 MW.
        • The investment in the incremental capacity is equal to or greater than a certain amount per kilowatt.*
      • Repowering resource—An existing resource can have its entire capacity treated as new if investment into repowering is equal to or greater than a certain amount per kilowatt.*
      • Environmental compliance resource—An existing resource can have its entire capacity treated as new if both conditions exist:
        • Investment in the resource is equal to or greater than a certain amount per kilowatt.*
        • The investment is for compliance with environmental regulations or permits.
      • Uprate (increase above threshold)—An existing resource can qualify as new if it is proposing an increase in output that is the greater of 20% or 40 MW above the existing qualified capacity.
      • Reestablishment—An existing resource that has been derated for over three years can participate as new capacity with the submission of an SOI.

      *For the specific amount per kilowatt, see the cost threshold adjustment parameters for each FCA available on the FCM Parameters section of the FCM webpage. These thresholds are based on the Handy-Whitman Index of Public Utility Construction Costs.

      The Handy-Whitman Index of Public Utility Construction Costs

      Background

      FCA qualification price thresholds are adjusted annually using the most recent Handy-Whitman Index of Public Utility Construction Costs. These thresholds apply to existing generation seeking qualification as a new resource based on:

      • Repowering and environmental compliance
      • Adding incremental capacity
      • Restoring derated capacity

      See Market Rule 1, Sections 13.1.1.1.2 to 13.1.1.1.4 for details.

      The Handy-Whitman Index is derived from cost trends in public utility construction. The ISO uses the index’s data on “Total Other Production Plant” costs (construction and equipment) in the North Atlantic region.

      Adjustments to FCM Qualification Thresholds

      As the first year of the FCM, 2008 serves as the benchmark year. The cost-threshold adjustment parameters used in FCM qualification are as follows:

      • Benchmark year costs (2008 dollars) = $200 for repowering, incremental capacity, and derate restorations; $100 for environmental compliance
      • Benchmark index = July 2008 Handy-Whitman Index value = 616
      • Current variable index (changes annually) = July 2021 Handy-Whitman Index value = 1128

      The cost-threshold adjustment formula: benchmark year costs x (variable index value ÷ base index value).

      For example, for the FCA to be conducted for capacity commitment period (CCP) 2026–27 (FCA 17), thresholds are calculated as follows:

      • Repowering, incremental capacity and derate restoration threshold:
        $200 x (1128 ÷ 616) = $366
      • Environmental compliance threshold:
        $100 x (1128 ÷ 616) = $183

      These adjusted qualification thresholds for each FCA are available on the FCM Parameters section of the FCM webpage.

      The Handy-Whitman Index publisher, Whitman, Requardt & Associates, LLP, has granted the ISO permission to distribute data.

      SOI Deadline

      The SOI is due approximately nine months before the FCA. Check the dates for the SOI submission window in the appropriate FCA calendar. (Learn how to access the auction calendars.)

      How to Submit an SOI

      When the SOI window is open, project sponsors can enter an SOI application via the Forward Capacity Tracking System (FCTS). (A digital certificate is required to access FCTS. Your security administrator for the ISO’s Customer and Assets Management System [CAMS] can provide this.)

      To submit the SOI:

      1. Access the current CCP screen.
      2. Go to the Proposal Summary window.
      3. Click the Submit SOI button.

      See the sample show of interest application form in Appendix C of Planning Procedure No.10 (PP-10). The form for generators requests information including, but not limited to, the following:

      • Project type (e.g., new generation ≥ 20 MW, incremental capacity)
      • Project name
      • Proposed commercial operation date
      • Asset information, if available
      • Resource address
      • Intermittent or settlement-only status
      • Generator maintenance category (e.g., combined-cycle combustion turbine plant)
      • Capacity megawatts (MW) information
        • Synchronous generation projects, which are typically non-intermittent resources, should be prepared to provide the resource’s total net MW output at various ambient operating temperatures (e.g. 90°F, 50°F, 20°F) at the project’s Point of Interconnection to the existing transmission or distribution system.
        • Inverter-based generation projects, such as solar, wind, energy storage or some co-located combination thereof, should be prepared to provide MW values reflective of the facility’s maximum net MW output at the project’s Point of Interconnection to the existing transmission or distribution system.
      • Generator interconnection status (e.g., FERC or non-FERC jurisdictional, interconnecting utility name, ISO-NE queue position or project tracking number used by local utility entity)
      • Generator interconnection study documents
      • Interconnection point information (e.g., substation or transmission line, voltage level)
      • Project configuration (e.g., total number of units, primary mover, primary energy, alternate energy source)
      • Offer-review trigger price (ORTP) information
      • Project/technical contact and finance/credit contact
      • Site control (must demonstrate that the project sponsor has control of the project site for the duration of the relevant capacity commitment period)
        • If the supplied documentation does not list the project sponsor as the controlling entity, the sponsor must provide additional documentation with the SOI submission demonstrating the relationship between the project sponsor and controlling entity.
        • Project sponsors submitting a show of interest for a project following the local distribution company’s interconnection process must self-certify that they hold full and direct site control and hold or will hold title to the capacity rights and that the local interconnecting distribution company has determined that the project’s point of interconnection is NOT subject to the ISO Tariff. Please consult the Self-Certification Forms for New Distributed Generation Projects for more information.
      • Plot plan
      • One-line diagram (clearly identifying if more than one generator is interconnecting at the same location, as applicable)
      • New generating projects comprising a stand-alone storage facility or another generation type (such as wind or solar) colocated with a storage component within the same facility must provide additional technical data on the project’s configuration and storage capabilities. Please consult the Additional Data for New Generating Stand-Alone or Colocated Storage Facilities form and the Market Participation Options for Combined Intermittent/Electric Storage Facilities training available on the Training Materials webpage for more information. Additional qualitative information for new generation projects should be provided using the “New Generation Project Form: Supplemental Information for Direct Connect Review” and uploaded as additional “Interconnection Study” documentation in the FCTS during the SOI submission process.

      More Information

      • “New Generation and Imports Show of Interest” training available on the Training Materials webpage
      • Market Rule 1, Section III.13.1.1.2.1, New Capacity Show of Interest Form
      • Planning Procedure No. 10 (PP-10), Appendix C: Sample Show of Interest Form
      • ISO New England Manual for the Forward Capacity Market (M-20)
       

      Step 2: Carry Over a Previous SOI (Optional)

      In some cases, a new resource can reuse a previously submitted show of interest.

      Eligibility

      You can reuse an SOI for a project if both of the following are true:

      • The previous SOI was submitted in the immediately preceding capacity commitment period (CCP). SOIs from two or more prior CCPs are ineligible.
      • The project was withdrawn by the participant before the Forward Capacity Auction (FCA), or it was qualified, but either did not obtain a Capacity Supply Obligation (CSO) or only obtained a CSO for part of its qualified capacity.

      If the resource partially cleared, the megawatts that didn’t clear can carry over to the next CCP. The project name and ID from the previous CCP will be retained when carrying over an SOI. Updates to carryover SOIs are permitted as long the SOI window is still open.

      Deadline

      • A carryover can be submitted via the Forward Capacity Tracking System (FCTS) once the SOI submittal window opens. (Learn how to access the auction calendars.)

      Performing the Carryover

      For screenshots of the carryover process, see the “New Generation and Imports Show of Interest (SOI)” or “Demand Capacity Resources Show of Interest (SOI)” training. Both are available on the Training Materials webpage. The following video will walk you through how to submit a Carryover Show of Interest:

      Once the carryover proposal has been submitted, carefully review it to ensure that it is up-to-date. Failure to meet any new submission requirements or properly update any previously submitted data may result in rejection of your carryover proposal.

      Preferred Method

      • Access the resource in the FCTS from the previous CCP screen.
      • Select the SOI tab for the project in the previous CCP.
      • Click the Carry Over Proposal button on the SOI screen.
      • Once the new SOI is created, the participant must then access the new SOI screen and click the Update SOI button to update any necessary information.

      Alternate Method

      • Access the current CCP screen.
      • Go to the Proposal Summary screen.
      • Click the Submit SOI button.
      • Select “Carry over a previously submitted SOI.”
       

      Step 3: Pay the Qualification Process Cost Reimbursement Deposit

      With each show of interest (SOI), the project sponsor must submit a refundable qualification process cost-reimbursement deposit (QPCRD). The deposit is used for costs the ISO and its consultants incur, including affected transmission owners’ documented and reasonably incurred costs associated with the qualification process.

      Forms

      Use the appropriate form available on the Financial Assurance and Credit page to set up payment for the QPCRD.

      Amount Required

      For the amount required, see the table in Market Rule 1, Section III.13.1.9.3, Qualification Process Cost Reimbursement Deposit.

      Deadline

      The QPCRD is due after the close of the show of interest window. The ISO will issue an invoice on the nonhourly bill in May.

      If the ISO does not receive the QPCRD by the deadline, the project will be withdrawn.

      Return of QPCRD

      The remaining balance of the QPCRD is returned for projects meeting eligibility criteria (noted in the table below) during specific intervals in a year:

      • On the project sponsor’s request once a project has achieved FCM Commercial Operation. The QPCRD return will be issued by check 90 days after the request has been processed and approved.
      • For generating and import resources, the QPCRD return is processed twice per year:
        • 1st QPCRD Returns List—First set of QPCRD returns will be generated and approved after the close of the SOI (generally in May). This occurs concurrent with the billing of the initial QPCRD Deposit bill for new projects and the Annual True Up for projects on CPS monitoring. The QPCRD return will be issued by check 90 days after the list has been approved.
        • 2nd QPCRD Returns List—The second set of QPCRD returns will be generated and approved after the publication of the FCA Qualified Capacity (generally in November). The QPCRD return will be issued by check 90 days after the list has been approved, prior to the subsequent SOI window for the next CCP.  
        • QPCRD Returns for demand capacity resources will only occur during the annual true-up (generally in May). The QPCRD return will be issued by check 90 days after the list has been approved.

      Return Timeframe

      Projects eligible for Return

      1st QPCRD Returns List—after the close of SOI for the CCP (CCPn)

      • Project that did not carry over its SOI for CCP (CCPn) and
        • was withdrawn from the qualification process for CCPn-1, or
        • was denied qualification by the ISO for CCPn-1, or
        • was qualified for CCPn-1 but did not clear in the FCA or elect CPS monitoring
      • Projects off critical path schedule monitoring since the last QPCRD return; i.e., the project has either:
        • achieved FCM Commercial operation, or
        • has withdrawn from CPS monitoring, or
        • has been terminated by the ISO from CPS monitoring

       

      2nd QPCRD Returns List—after FCA QC is published for CCPn

      • Projects deemed withdrawn from the qualification process for CCPn. A Project is ‘deemed withdrawn’ by the ISO when its SOI or NCQP submission is incomplete.
      • Projects off critical path schedule monitoring since the last QPCRD return; i.e., the project has either:
        • achieved FCM Commercial operation, or
        • has withdrawn from CPS monitoring, or
        • has been terminated by the ISO from CPS monitoring

      The QPCRD return check and the annual statements will be addressed to the Project Financial Contact listed within FCTS; this contact for each project should always be kept up to date.

       

      Step 4: Submit a New Capacity Qualification Package

      The new capacity qualification package (NCQP) is the next major submittal after the show of interest (SOI) application.

      The NCQP is a set of data, forms, applicable supporting documents, and elections that collectively demonstrate the viability of a project.

      For new generators, the NCQP consists of four major components:

      • Critical-path schedule (CPS)
      • Elections (e.g. rationing election)
      • Offer floor price
      • Additional requirements, such as modifications to existing resources, intermittent or import information, or cost information

      Most project sponsors are expected to complete more than one section of the package depending on the resource type.

      Qualification of Intermittent Resources

      Intermittent generation resources seeking qualification need to provide additional information to support their claimed summer and winter qualified capacity as part of their NCQP.

      • Intermittent generators are defined as wind, solar, run of river hydro, and other renewable resources that do not have control over their net power output.
      • Nonintermittent generators can control their net power output. Examples include natural gas and coal-fired generation, nuclear reactors, and standalone energy storage facilities.

      This additional information should contain site-specific data, as well as all calculations deriving the claimed capacity using resource data, equipment energy conversion efficiencies, etc. This information will be used to confirm the claimed summer and winter qualified capacity.

      If the intermittent resource seeking qualification contains an energy storage component, submission of data regarding the energy storage system is required as part of the project’s associated show of interest. Data on the project’s intermittent component must be provided as part of the New Capacity Qualification Package, as well as requested summer and winter MW values that are only reflective of the intermittent (e.g. solar or wind) portion of the co-located facility.

      As part of their NCQPs, commercial intermittent resources will need to identify their registered asset. The asset’s historical seasonal claimed capability (SCC) will be used to confirm the claimed summer and winter qualified capacity.

      Detailed data submittal guidelines for each type of intermittent resource are available on the FCM page.

      Deadline

      The NCQP must be submitted in June four years before the beginning of the capacity commitment period. The submission window opens on the deadline for existing capacity qualification. For the specific window dates, learn how to access the auction calendars.

      Submitting the NCQP

      The NCQP must be submitted through the Forward Capacity Tracking System (FCTS). The ISO will not accept any submittal via email. The following video will walk you through how to submit a New Capacity Qualification Package:

      Screenshots with detailed instructions can be found in the “New Capacity Qualification Package” trainings available on the Training Materials webpage.

      The project sponsor must complete each component of the NCQP as applicable. Once the documentation is submitted, the ISO may consult with the project sponsor to seek clarification, to gather additional necessary information, or to address questions that arise from the material submitted.

      Information Required

      The information requested in the NCQP depends on your resource type. This information may include, but is not limited to, the following:

      Data to Enter into the FCTS:
      • Critical-path schedule (CPS)—The CPS must be provided indicating the milestones that will lead to the timely completion of the project by the start of the relevant capacity commitment period. These milestones are described in Market Rule 1, Section III.13.1.1.2.2.2, Critical-Path Schedule.
      • Rationing election—The project sponsor may elect to allow the qualified capacity to be rationed in the FCA if only a portion of the last offer submitted is required to optimally complete the clearing of FCA offers.
      • Offer floor price—The project sponsor must indicate its offer in $/kilowatt-month. If wishing to submit an offer below the offer-review trigger price set by the ISO’s Internal Market Monitor (IMM), the project sponsor must provide supporting documentation. See below for details.
      • Fuel survey—The project sponsor must submit the Fuel Inventory Survey for New Capacity Resources, which can be found on the FCM webpage.
      • Additional requirements—For modifications to existing resources and intermittent resources, additional requirements are described in Market Rule 1, Section III.13.1.1.2.2.5, Additional Requirements for Resources Previously Counted As Capacity, and Section III.13.1.1.2.2.6, Additional Requirements for New Generating Capacity Resources that are Intermittent Power Resources and Intermittent Settlement-Only Resources.

      Submitting an Offer below the Offer-Review Trigger Price (ORTP)

      New capacity resources requesting to submit offers below the relevant ORTP must also submit with their NCQP sufficient documentation and information to permit the Internal Market Monitor to perform its review (details below). Recommended documents include, but are not limited to, the following:

      • Project capital costs by components (e.g., turbine, selective catalytic reduction, gas compressor, construction, engineering and procurement, development and permitting)
      • Capital structure (e.g., percentage debt versus equity, investment horizon, estimated cost of debt, after-tax return on equity)
      • A 20-year heat rate estimate for the project (Btu/kWh)
      • A 20-year forecast of expected capacity factor (%)
      • A 20-year forecast of expected generation (GWh/year)
      • A 20-year forecast of expected energy revenue ($/yr)
      • A 20-year forecast of expected fuel cost ($/mmBTU)
      • A 20-year forecast of expected fixed operations and maintenance expenses ($/yr)
      • A 20-year forecast of expected variable operations and maintenance expenses ($/MWh), excluding fuel
      • Other project specific revenues such as:
        • Renewable Energy Credit (REC) price projections
        • REC expected revenues
        • Production Tax Credit (PTC) price projections
        • PTC expected revenues
        • Power sales agreements

      Providing Cost Information

      Cost information is required for all new generating capacity resources seeking to participate in the FCA with the following project types:

      • Repowering
      • Environmental compliance
      • Incremental capacity
      • Derated capacity

      Cost data associated with the project must be in sufficient detail to allow the ISO to determine that the relevant cost threshold will be met. Environmental compliance projects must include a detailed description of the specific regulations the project is seeking to comply with and the permits it must obtain.

      Internal Market Monitor Review of Offers below the Offer-Review Trigger Price

      About the IMM

      The Internal Market Monitor (IMM) is responsible for ensuring the competitiveness of the FCM and other ISO New England markets through the following activities:

      • Monitoring the markets
      • Reporting market results
      • Making market rule recommendations and changes
      • Ensuring compliance with the ISO New England Tariff
      • Applying mitigation where necessary to eliminate the opportunity for the exercise of market power by either buyers or sellers

      In the FCM, mitigation is performed by these actions:

      • Establishing ORTPs (threshold prices for the entry of new capacity resources)
      • Evaluating offers to enter the capacity market
      • Performing pivotal supplier tests on certain new import capacity resources

      Establishing ORTPs for New Capacity Resources

      ORTPs are the default values applied to capacity seeking to participate in the upcoming auction, which the IMM sets at the lower end of the competitive range for a particular technology type.

      An ORTP is assigned to a new capacity resource during the show of interest process. During the FCA, the ISO removes the resource’s offered megawatts once the threshold price has been reached. However, a market participant has the option of requesting a lower offer floor price by submitting documentation demonstrating why the new capacity resource requires less compensation from the FCM than resources of a similar category. (Recommended documentation is noted above.)

      Mitigating Offers

      The IMM will review market participant requests for an offer floor price below the ORTP and all associated documentation to determine if the requested value is a more accurate representation of the resource’s costs. The IMM may accept the requested lower value. However, if the IMM determines that the submission does not contain adequate information to support a price lower than the ORTP, the IMM will mitigate the offer up, capping the value at the ORTP. If the IMM determines that the requested value is not reflective of the resource’s true costs, the IMM will mitigate the offer to a price reflective of market conditions.

      Viewing the Final Offer Floor Price

      The qualification determination notification (QDN) of the resource provides the final offer floor price after IMM review and any mitigation. QDNs are accessible in the FCTS along with an explanation for why a resource was mitigated, if applicable.

      More Information

      • Detailed information and steps involved in the submittal process are available in the New Capacity Qualification for Supply Resources training available on the Training Materials webpage.
      • Rules are located in Market Rule 1, Section III.13.1.1.2.2.2, Critical-Path Schedule, to Section III.13.1.1.2.2.6, Additional Requirements for New Generating Capacity Resources that are Intermittent Power Resources and Intermittent Settlement-Only Resources.
      • Also see Market Rule 1, Appendix A, Section III.A.21, Review of Offers from New Resources in the Forward Capacity Market.
      • The Guideline for Submitting Cost Information for Resources Previously Counted as Capacity can be found here.
       

      Step 5: Undergo Initial Interconnection Analysis

      As part of the new resource qualification process, a new generating resource will be subject to the initial interconnection analyses to ensure that (1) the new generating resource does not cause overloads that cannot be fixed in time for the capacity commitment period and that (2) its capacity is deliverable within the load zone into which it will be interconnecting.

      Existing resources seeking to qualify additional capacity will be studied at a capacity value above their current capacity network resource capability (CNRC).

      Two reliability assessments are performed as part of the new generating resource qualification process:

      • Network Capability Interconnection Standard (NCIS) test
      • Overlapping Interconnection Impact Analysis

      Objective of the FCM Initial Interconnection Analysis

      The initial interconnection analysis is performed following these rules:

      • Market Rule 1, Section III.13.1.1.2.3, Initial Interconnection Analysis
      • Planning Procedure to Support the Forward Capacity Market (PP-10), specifically Section 5.7, Initial Interconnection Analysis under the Network Capability Interconnection Standard, and Section 5.8, Analysis of Overlapping Interconnection Impacts

      The purpose of the analysis is to assess:

      • The ability to interconnect a resource subject to the Network Capability Interconnection Standard (NCIS)
      • The ability of a resource to provide incremental capacity in accordance with the Capacity Capability Interconnection Standard (CCIS)

      The assessment includes steady-state power flow analysis, short-circuit analysis and other analyses depending on project type. Results from studies completed pursuant to ISO-NE and/or local interconnection procedures for large and small generators and elective transmission upgrades (ETUs) are used whenever available.

      The Network Capability Interconnection Standard Test

      This test helps the ISO ensure that the new generating resource under study does not cause overloads that cannot be fixed in time for the capacity commitment period. For example, in the diagram below:

      • The transmission line between substation 1 and substation 2 (1–2) becomes overloaded when generator A is added.
      • Generators that add to the loading of 1–2 are called harmer generation.
      • Generators that reduce the loading of 1–2 are called helper generation.
      • Under the NCIS, other harmer generation can be redispatched down to relieve the overload. However, the combination of the new generator and redispatch must not degrade transfer or import capability, and the new generator may not be incrementally useful capacity (i.e., provide incremental capacity benefits on top of all existing generation).
      • Under the CCIS, harmer generation may not be redispatched to relieve the constraint in an attempt to make the new generator incrementally useful.

      helper harmer diagram

      The Overlapping Impact Analysis

      The overlapping impact analysis helps the ISO determine if a proposed new capacity resource or an elective transmission upgrade provides incremental capacity to the system by doing the following to meet the CCIS:

      • Provides an incremental capacity benefit and can operate without the redispatch of other capacity resources
      • Is deliverable to the rest of the load zone

      Study Criteria for the Overlapping Impact Analysis

      The analysis is performed as a group study. All projects in the ISO’s Interconnection Request Queue seeking capacity network resource or import interconnection service are included on the basis of their queue position.

      Overlapping Interconnection Impacts Analysis Study Order Example

      The generator redispatch criteria are as follows:

      • Generation redispatch is dependent on the distribution factor (DFAX) of the generators in the study subsystem.
      • The DFAX is a measure of the change in electrical loading on an element such as a transmission line or transformer due to a change in output from a given generator.
      • This distribution factor is computed by the power system software used for the analysis (e.g., PSSE and PowerGEM TARA).
      • Harmer generation with a DFAX of ≥3% on a monitored element for a given contingency is not to be redispatched to relieve the constraint for a given study dispatch.

      The transfer-level criteria are as follows:

      • Transfer levels from external control areas are modeled to reflect various conditions ranging from a 0 MW transfer up to the associated interface import capability.
      • Internal transfer levels are modeled to reflect various conditions ranging from a 0 MW transfer up to the internal interface transfer capability.
      • Generation under study is not required to upgrade interface transfer capability between load zones.

      General test conditions:

      • The test is performed at 100% of the 90/10 summer peak load.
      • Existing generation that has not permanently delisted or retired in a previous FCA is modeled at its CNRC.
      • Existing demand capacity resources are included in the base case.
      • All applicable criteria are considered for N-1 single-element and multiple-element contingencies, consistent with the North American Electric Reliability Corporation (NERC) TPL-001-4, Northeast Power Coordinating Council (NPCC) Directory 1, and ISO-NE Planning Procedure No. 3 (PP-3), Reliability Standards for the New England Area Pool Transmission Facilities.
      • The post-contingency system is analyzed, if appropriate, to confirm that the system can be prepared for the occurrence of a subsequent contingency (N-1-1) in the time required by, and using the actions allowed in, the applicable ISO New England planning procedures and operating procedures.

      Study Outcome and ISO Determinations

      Qualification Transmission Upgrades (QTUs)

      The overlapping impact analysis will indentify any required qualification transmission upgrades (QTUs) for the study resource. These are transmission upgrades that the project sponsor will be responsible for addressing to make the resource's capacity deliverable to the relevant load zone.

      • Thermal impacts will be recorded where the addition of the study resource’s capacity results in an overload on a transmission element that is one of the following:
        • ≥2% of the applicable thermal rating (LTE)
        • >10 MVA
        • A transfer above the maximum transfer capability of a modeled intrazonal stability or voltage-limited interface.
      • The study resource will be responsible for addressing overloads that meet one or more of the criteria above when the study resource meets one of the following criteria in relation to the load zone in which the resource is located:
        • A distribution factor on the transmission element of ≥3%.
        • A megawatt impact on the transmission element of ≥3% of the applicable thermal rating of the element.

      Reference Planning Procedure to Support the Forward Capacity Market (PP-10) for additional information on QTU identification.

      • Qualification is restricted by overlapping interconnection impacts (see Conditional Qualification below) when the upgrades identified for a new generator cannot be completed by the start of the CCP.
      • The resource must work with the transmission owner to ensure the upgrade is completed by the start of the CCP. QTUs completed in time will be paid as follows:
        • QTUs associated with regional reliability needs will be paid for by the region.
        • QTUs associated with generator interconnection findings will be paid for by the project sponsor.
      • If applicable, the resource may be partially qualified up to the amount it can operate without creating the observed transmission violations.

      Conditional Qualification

      Conditional qualification provisions apply when a resource may not qualify as a result of overlapping interconnection impacts with another resource. In these cases, Interconnection Request Queue order is used to establish priority for a conditional qualification scenario.

      • A resource with lower queue priority (queue position X+n) is accepted for participation in the FCA with conditional qualification.
      • The conditionally qualified resource may clear in the FCA if the resource with higher queue priority (queue position X) withdraws before or during the auction.
      • See Market Rule 1, Section III.13.1.1.2.3(f) for additional information.

      Study Outcome Examples: Overload of Line S1–S2

      Example 1

      Example 1

      • S1 has 200 MW of existing generation, but only 150 MW can run without upgrading the S1–S2 line.
      • If upgrades cannot be made by the start of the CCP, new resource Gen A cannot qualify for the FCA.
      Example 2

      Example 2

      • S1 has 300 MW of generation (including 100 MW of existing generation), but only 200 MW can run without upgrading the S1–S2 line.
      • If the upgrade cannot be made by the start of the CCP, Gen A is qualified at 100 MW (provided that Gen A’s economic minimum is ≥100 MW).
      • If the upgrade can be made by the start of the CCP, Gen A is qualified at 200 MW.
      Example 3

      Example 3

      • S1 has 300 MW of generation, but only 200 MW can run without upgrading the S1–S2 line, and the upgrade cannot be done by the start of the CCP.
      • New resource Gen A has Interconnection Queue position 499, and new resource Gen B has Interconnection Queue position 500.
      • Gen A is qualified at 100 MW.
      • Gen B is conditionally qualified at 100 MW and will only be able to submit an offer in the FCA if Gen A does not submit an offer.

      Qualification and QTU Notification

      Generator-based upgrades identified through these assessments will be listed in the qualification determination notification (QDN) of the resource, accessible in the Forward Capacity Tracking System (FCTS).

      Further Study and Monitoring

      If a new resource clears in the FCA, the overlapping impact analysis will be performed again, and the final list of required upgrades will become part of the critical-path schedule (CPS) for the project. The progress of these upgrades, along with all other CPS milestones, will be monitored.

      Reference Planning Procedure to Support the Forward Capacity Market (PP-10) for additional information on the methodology for restudying overlapping impacts.

      More Information

      • Market Rule 1, Section III.13.1.1.2.3, Initial Interconnection Analysis
      • Planning Procedure for Reliability Standards for the New England Area Pool Transmission Facilities (PP-3)
      • Planning Procedure to Support the Forward Capacity Market (PP-10)
       

      Step 6: Report Changes that May Reduce Capacity

      No later than 150 days before the Forward Capacity Auction, project sponsors must inform the ISO of any changes to their projects that may reduce their capacity.

      However, material modifications may not be made. If material modifications are necessary, the project will be withdrawn from FCA qualification.

      Please contact ISO System Planning by creating an AskISO case to discuss all potential changes.

      More Information

      See Market Rule 1, Section III.13.1.1.2.1, New Capacity Show of Interest Form.

       

      Step 7: Access Your Qualification-Determination Notification

      To find out whether your resource is accepted for participation in the Forward Capacity Auction, check your qualification determination notification. Project sponsors can access these notifications through the Forward Capacity Tracking System (FCTS) no later than 127 days before the Forward Capacity Auction.

      If your resource was not accepted, the notification will explain why.

      If your resource was accepted, the notification will include the following information:

      • Summer and winter qualified capacity (QC)—the amount of megawatts the resource can provide in the auction’s capacity commitment period
      • A list of transmission upgrades required as part of the initial interconnection analysis, if applicable
      • The offer-review trigger price for participation in the auction (this is part of the separate determination made by the Internal Market Monitor)
       

      Step 8: Anticipate Automatic Matching of Qualified Additional Capacity

      In certain instances, the ISO will automatically match an existing resource’s newly qualified additional megawatts with existing seasonal capacity at the same resource. Participants cannot opt out of automatic matching.

      Applicability

      Automatic matching applies to these projects:

      • Qualified incremental projects (pursuant to Market Rule 1, Section III.13.1.1.1.3, Incremental Capacity of Resources Previously Counted as Capacity)
      • Qualified significant-increase projects (pursuant to Market Rule 1, Section III.13.1.2.2.5, Adjustment for Certain Significant Increases in Capacity), which will automatically be matched with any excess existing capacity in the offsetting season at the same resource

      The amount of capacity eligible to be automatically matched will be limited to the excess existing megawatts in the offsetting season (summer or winter) at the same resource. Any remaining seasonal incremental capacity will need to form a composite offer to participate in the FCA.

      Timing

      The automatic matching process will occur before the opening of the composite offer window. (Learn how to access the auction calendars.)

      Examples

      Example 1: Auto-Matched Incremental Upgrade

      An existing capacity resource submits a request to increase its capacity by 20 MW in the summer and 0 MW in the winter, and the increase is qualified as an incremental upgrade. The newly qualified summer megawatts are automatically matched to the excess existing winter capacity, and both the incremental capacity and the matched existing capacity.

      Auto-Matched Incremental Upgrade

      Example 2: Auto-Matched Significant Increase

      An existing capacity resource submits a significant increase in capacity for 20 MW of summer capacity and 0 MW of winter capacity. Both the significant increase in capacity and the base resource are qualified as existing capacity. The qualified summer significant-increase megawatts are automatically matched to the excess existing winter capacity at the same resource.

      Auto-Matched Significant Increase

      Example 3: Partial Auto-Match

      An existing capacity resource submits an SOI to increase its capacity by 30 MW in the summer and 0 MW in the winter. The resource is qualified as an incremental upgrade. Only 20 MW of summer incremental increase are automatically matched to the excess existing winter capacity at the associated FCA clearing price. A composite offer will need to be submitted for the resource to bring the excess remaining (10 MW) to the auction.

      Partial Auto-Match

      More Information

      • See Market Rule 1, Section III.13.1.1.1.3.A, Treatment of New Incremental Capacity and Existing Generating Capacity at the Same Generating Resource, and Section III.13.1.2.2.5, Adjustment for Certain Significant Increases in Capacity.
      • Detailed information is available in the New Capacity Qualification for Supply Resources training available on the Training Materials webpage.
       

      Step 9: Submit a Composite Offer (Optional)

      A composite offer allows capacity resources that have each received a qualified capacity value to participate together to maximize their combined offer in a Forward Capacity Auction.

      Submission Window

      Composite offers can be submitted during the composite offer window for the desired FCA. (Learn how to access the auction calendars.) Composite offers can be modified or withdrawn in the Forward Capacity Tracking System (FCTS) until the composite-offer deadline.

      Finding Partners

      • The ISO Seasonal Resource Capacity eBulletin Board provides a place where project sponsors of single-season capability resources can find a partner to participate in an FCA through a composite offer.
      • An individual resource may also self-composite when that resource has an existing component and a new component. Note that in certain instances, the ISO will automatically match an existing resource’s newly qualified additional megawatts with existing seasonal capacity at the same resource.

      Partner-Eligibility Rules

      Throughout the composite offer submittal process, the FCTS will enforce various validation rules on partner eligibility:

      • Summer resources in import-constrained capacity zones may only pair with winter resources located in the same capacity zones.
      • Summer resources in export-constrained capacity zones may pair with any winter resource in the same export-constrained zone.
      • Summer resources in the Rest-of-Pool zone may pair with any resource not located in an export-constrained zone.

      Submitting the Offer

      Composite offers are submitted into the Forward Capacity Tracking System by selecting a specific new or existing resource. For new resources, select the New Qualification tab, then the Composite Offer tab:

      screen shot

      For existing resources, select the Existing Qualification tab, then the Composite Offer tab:

      screen shot

      The project sponsors for the summer and winter resources must then cooperate to complete the following steps by the deadline. Composite offers submitted after the deadline will not be considered in the FCA. Please note:

      • The FCTS will not automatically alert your composite-offer partner that they must take action. You must do this.
      • If submitting a self-composite, you must close the FCTS completely between steps.

      FCTS Actions Required by Each Partner

      Summer resource

       

      Winter resource

      Initiate the composite offer in the FCTS. The Composite Offer Status will display as “Pending.” Ask your winter partner to act.

      1

       

       

      2

      Designate the winter resource to the composite offer. Status remains “Pending.” Ask your summer partner to act.

      Submit the composite offer. Status displays “Confirmed.” Ask your winter partner to act.

      3

       

      Verify submission:Composite Offer Status should display “Confirmed” and both participating resources should appear under Winter Resource Information (MW). If they don’t, contact Participant Support.

      4

      Verify submission: Composite Offer Status should display “Confirmed” under the ‘Composite Offer Winter Resource Details’ window. If it doesn’t, Step 3 has not been completed. Ask your summer partner to act.

      screen shot

      Auction Bidding

      Only the summer resource partner in a composite offer should bid in an FCA. Both resources do not need to bid in individually.

      Payments

      • Each resource will be paid individually.

      More Information

      • See Market Rule 1, Section III.13.1.5, Offers Composed of Separate Resources.
      • Take the online course “Forward Capacity Market: Composite Offers” available on the Training Materials webpage.
      • Subscribe to the Capacity (ICAP and FCM) Announcements mailing list (hit send when the subscription email opens up) to receive notices of FCM-related deadlines and other announcements.
      • View ICAP/FCM Market Notices in the ISO calendar. After clicking on an announcement or event, you can subscribe to email alerts for related materials.
       

      Step 10: View Your FCA-Qualified Capacity

      The Forward Capacity Auction Qualified Capacity (FCA QC) is the amount of megawatts, as determined in the qualification process, that a resource is capable of providing in the summer and winter during a specific capacity commitment period. Resources must pay financial assurance based on the FCA QC.

      Your FCA QC is available in the Forward Capacity Tracking System (FCTS).

      Learn about qualified capacity for reconfiguration auctions and CSO bilateral periods.

       

      Step 11: Designate Self-Supplied Capacity (Optional)

      A market participant may choose to cover its FCM obligations by using resources it owns or has contracted with. The contract or agreement usually takes place outside of the ISO marketplace. Designating capacity from a resource as self-supply allows a load-serving entity (LSE) to satisfy its capacity load obligation using resources owned or under contractual obligation of the LSE.

      Deadline

      For all resources—new or existing—the lead market participant must designate a resource as self‐supplied no later than the date new resources are required to post their financial assurance for the same capacity commitment period. (Learn how to access the auction calendars.)

      How to Designate Self-Supply

      All self-supply designations are done through the Forward Capacity Tracking System (FCTS). The designation window opens after the ISO posts Market Information Server (MIS) reports on each load-serving entity’s projected share of the Installed Capacity Requirement.

      The steps to submit a self-supply designation, which must be completed by the self-supply submittal deadline, are as follows:

      • A resource’s lead market participant selects a specific LSE and capacity zone and designates the amount of qualified megawatts from a specific resource to be considered as self-supplied megawatts, indicating if any specifically allocated capacity transfer rights are used in the self-supply designation.
      • The LSE confirms its applicable self-supply designations.

      Eligibility Rules

      Throughout the designation process, the FCTS will enforce various validation rules on eligibility:

      • The total amount of capacity designated as self-supply for an LSE is limited to the calculated projected share of Installed Capacity Requirement per capacity zone.
      • The maximum amount of capacity a resource may designate as self-supply is the lower of its summer and winter qualified capacity values.
      • A resource located in an export-constrained capacity zone may not self-supply load located in another capacity zone.
      • A resource located outside an import-constrained capacity zone may not self-supply load located in an import-constrained zone.
      • For new capacity resources with a project type of “increase above threshold,” “environmental upgrade,” or “repowering,” the maximum amount of capacity that can be designated as self-supply equals the lesser amount of qualified megawatts for either new or existing capacity resources.
      • For new capacity resources with a project type of “incremental capacity,” the existing capacity resource must be designated as self-supply up to its maximum before any self-supplied megawatts can be allocated to the new capacity project.
      • An LSE may not confirm more self-supplied capacity than its projected share of Installed Capacity Requirement.

      More Information

      • Take the brief online course “FCM: Designating Resources as Self-Supplied” or download the PDF transcript. Both are available on the Training Materials webpage.
      • Subscribe to the Capacity (ICAP and FCM) Announcements mailing list (hit send when the subscription email opens up) to receive notices of FCM-related deadlines and other announcements.
      • View ICAP/FCM Market Notices in the ISO calendar. After clicking on an announcement or event, you can subscribe to email alerts for related materials.
       

      Step 12: Meet the Financial Assurance Requirement

      New capacity resources are responsible for posting financial assurance on their FCA qualified capacity.

      Forms

      Use the appropriate form available on the Financial Assurance and Credit page to set up financial assurance payments.

      Deadline

      Check the due date in the auction calendars. (Learn how to access the auction calendars.)

      More Information

      • See the ISO Financial Assurance Policy, which is Exhibit IA in Section I of the ISO Tariff.
      • Take the brief online course, “Financial Assurance for the Forward Capacity Market,” available on the Training Materials webpage.
      • Review the ISO’s Financial Assurance Basics web-based training.
       

      Step 13: Elect Critical Path Schedule Monitoring (Optional)

      A new capacity resource that has been qualified to participate in a Forward Capacity Auction (FCA) for a given capacity commitment period (CCP) may elect critical path schedule (CPS) monitoring. CPS monitoring ensures the following for the resource:

      • It remains qualified for that CCP’s subsequent reconfiguration auctions should it not clear in the FCA.
      • It is potentially qualified for earlier CCPs, contingent on the transmission topology of the earlier CCPs and the ability of the resource to achieve all its CPS milestones.

      Deadline

      This CPS monitoring election is an annual election made by new capacity resources before the FCA. Check the due date in the auction calendars. (Learn how to access the auction calendars.)

      Once made, this election is irrevocable. A change in the CPS milestones may result in a change in eligibility to participate in earlier CCPs’ reconfiguration auctions.

      How to Elect CPS Monitoring

      The election must be made through the Forward Capacity Tracking System (FCTS) under the New Qualification Elections tab during the CPS monitoring election window. As you make the election, you will be required to provide an update to the CPS submitted as part of the new capacity qualification package.

      More Information

      • Rules on CPS monitoring can be found in Market Rule 1, Section III.13.3, Critical Path Schedule Monitoring.
      • The “FCM 101: Critical Path Schedule Monitoring” training module available on the Training Materials webpage provides detailed guidance, including FCTS instructions and screenshots.
       

      Step 14: Learn About FCM Settlement and Billing

      Forward Capacity Market participants should become familiar with the ISO’s market settlement and billing processes. See the FCM Settlements and Billing page for helpful resources.

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