Joke Generation Obligates to Produce On-Call Power.
Forward Capacity Market auction basics
- The annual auction of the Forward Capacity Market is held three years before each capacity commitment period, to provide time for new resources to be developed.
- Capacity resources can include traditional power plants, renewable generation, imports, and demand resources such as load management and energy-efficiency measures.
- Resources that clear in the auction receive a monthly capacity payment in that future year in exchange for their commitment to provide power or curtail demand when called upon by the ISO.
- Resources that fail to meet their capacity commitment during a capacity scarcity condition must refund part of their capacity payment. This refunded money goes to resources that over-perform during the event.
- The capacity market is separate from the energy market, where resources with and without capacity commitments compete each day to provide power and are paid for the electricity they produce.
New and existing solar and wind generation, energy storage, and demand resources secured obligations totaling more than 5,000 MW, accounting for about 16% of all capacity clearing the auction.
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Comment
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Comment by Dan McKay on March 12, 2023 at 8:18am
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Willem
The addition of intermittent resources to the FCM has increased margin reserves, the amount of MW that ISO-NE clears in the day ahead market to cover unexpected or sudden generation losses.
Black-start services and reserve prices go up, incrementally with increasing percentages of solar and wind.
Plants like Mystic Generation, Millstone Nuclear and Maine Biomass are granted an extra premium payment from the ratepayers to assure REAL capacity will be available.
The hidden costs to maintain reliability are there and on the increase.
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Comment by Willem Post on March 12, 2023 at 7:46am
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Dan,
The FCM auction is held to ensure adequate capacity, of various kinds, will be available 3 years from now.
ISO-NE determines the expected maximum demand, during various extreme conditions, such a power plant and transmission unscheduled and scheduled outages. FERC rules have to be followed, as a minimum requirement
Some bids are to provide capacity, MW, for a certain period of time, say peak hours, MWh, when called on by ISO-NE
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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