ISO-NE Auction Track Record

ISO-NE Forward Capacity Auction Forecast Track Record

Generation owners and their investors are placing big bets (often in the hundreds of millions of dollars) in the ISO-New England Capacity Market.  As Mark Christie, FERC Commissioner, put it in March 2023: “Capacity Markets are characterized by such hopeless complexity and impenetrable opacity that they represent the example of a game that only insiders can play and win.” ESAI is now offering the opportunity to request our Pre-Auction Capacity Price Forecasts for ISO New England’s Forward Capacity Auction (FCA) over the past 7 Capacity Auctions.

Capacity Watch Blog

ISO-NE FCA17 Auction Dynamics and Capacity Price Forecast | Capacity Watch Blog

In ESAI’s latest Capacity Watch report, we analyze the ISO-NE FCA17, Forward Capacity Auction. ESAI’s coverage includes auction parameters, qualified capacity, and expected auction dynamics. These are all detailed in our Capacity Watch report.

Energy News

ISO-NE Proposes Ending MOPR in 2025, with a Transition Aimed at Protecting Grid Reliability | Energy News

Ethan Howland reports in Utility Dive that ISO New England has proposed ending its “minimum offer price rule” in 2025, with a transition that exempts up to 700 MW of qualified state-supported capacity — or roughly 2,000 MW of nameplate capacity — from the MOPR over the next two capacity auctions. Learn what Scott Niemann, ESAI Power director and principal, says about ending the rule.

Congestion Watch Blog

Outage-Related Transmission Constraints to Impact Power Prices in PJM, NYISO & ISO-NE | Congestion Watch Blog

Congestion in April will largely be driven by outage-related transmission constraints, as maintenance for both generator and transmission kicks into gear. Electricity demand across the Northeast RTOs bottoms out in April, moderating demand-driven congestion. However, while warmer temperature forecasts moderate April load expectations in New England and New York, warmer-than-normal April weather is likely to trigger some cooling demand and increased electricity consumption in PJM.

Capacity Watch Blog

ISO-NE FCA16 Auction Parameters and Capacity Price Forecast | Capacity Watch Blog

In ESAI’s latest Capacity Watch report, we analyze the ISO-New England Forward Capacity Auction, FCA16. Clearing Prices are expected to decline from the FCA15 Auction due to a decrease in Net Installed Capacity Requirements (Net ICR) and Net Cost of New Entry (Net CONE).

Congestion Watch Blog

A New Year (2022) brings New Congestion Risks to PJM, NYISO & ISO-NE | Congestion Watch Blog

High on-peak load levels and gas prices bolster congestion risks in January across ISO-NE and PJM. Winter demand levels are here to stay and are forecasted to be high in every market except for NYISO where temps will be unseasonably warm. Cold-weather seasons are not usually associated with transmission and generator outages, but ESAI has a few outages on our radar that are forecasted to keep all three markets spicy this January.