ISO-New Englandâs annual Forward Capacity Market auction set to take place on February 3, 2020">ISO-New Englandâs annual Forward Capacity Market auction set to take place on February 3, 2020
(Wed, 29 Jan 2020) On Monday, February 3, 2020, the Independent System Operator for New England (ISO-NE) will open its annual Forward Capacity Market (FCM) auction. ISO-NE uses the FCM auctions to ensure that the New England power system will have sufficient resources to meet future demand for electricity. Owners of various resources compete in the annual auctions to obtain a Capacity Supply Obligation (CSO) in exchange for receiving a market-priced capacity payment. The payments provide incentives for investing in new resources and also provide a stable revenue stream for existing power resources that help meet peak load on the system.
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