Pilgrim retires, prices decline: What happened in Å·²©ÓéÀÖ ISO-NE FCA 10 auction?
DownloadOn February 11th 2016, ISO-NE concluded its 10th Forward Capacity Auction (FCA). This was Å·²©ÓéÀÖ second auction under Å·²©ÓéÀÖ re-designed capacity market structure that includes an ISO-wide demand curve (variable reserve requirement or VRR) and Å·²©ÓéÀÖ pay for performance initiative. Prices in this auction declined due to significant new capacity additions that bid at lower than expected prices.
In this white paper, ICF International experts analyze Å·²©ÓéÀÖ results of this latest ISO-NE capacity auction, including key outcomes of Å·²©ÓéÀÖ auction, changes from Å·²©ÓéÀÖ previous auction, ICF’s explanation of Å·²©ÓéÀÖ results and going-forward expectations.
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