Forward Capacity Market

VEIC Resources on Forward Capacity Market

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• Playing with the Big Boys: Energy Efficiency as a Resource in the ISO New England Forward Capacity Market

  Cheryl Jenkins, Blair Hamilton, and Chris Neme

  ISO New England (ISO-NE) oversees New England's bulk electric power system and ensures the region's power system reliability.  In 2006 ISO-NE, in partnership with utilities and demand resource representatives, established the Forward Capacity Market (FCM) to procure 100% of the region's installed capacity requirements.  The uniqueness of the FCM is that it allows energy efficiency and other demand resources to participate in the market - capacity reduction is counted as capacity supplied.  This paper examines the costs and benefits of an energy efficiency utility's participation.

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