Enhancing Capacity Markets to Improve Resource Performance and Investment. Pay For Performance: New England’s Capacity Market. OPSI 10 th Annual MEETING | October 13-14, 2014. Matthew White. chief Economist. New Challenges Require Enhancements to Capacity Market Designs.
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Enhancing Capacity Markets to Improve Resource Performance and Investment
Pay For Performance: New England’s Capacity Market
OPSI 10th Annual MEETING | October 13-14, 2014
At-Risk Capacity Resources in New England
Total At-Risk: 8,300 MW
Oil-fired Capacity: 6,000 MW
Coal-fired Capacity: 2,300 MW
Up to 8,300 MW at risk for retirement by 2020 (28 older oil & coal units)
If all retire: ISO estimates aneed for 6,300 MW of new or repowered capacity
Existing and planned trans-mission projects provide significant flexibility for locating these new resources
ISO-NE Retirements Study
ISO’s Capacity Reforms
www.iso-ne.com > FCM Performance Incentives Key Project