Abstract
The Forward Capacity Market was developed by ISO New England, the six New England states, and industry stakeholders to promote investment in demand- and supply-side resources. Under the new FCM design, ISO New England will project the needs of the power system three years in advance and then hold an annual auction to purchase the power resources that will satisfy the future regional requirements.
ISO New England submitted a filing with the Federal Energy Regulatory Commission (FERC) in November of 2007 that defined 6,102 megawatts (MW) of new demand- and supply-side resources now eligible to compete in the market. Approximately 40 percent—or 2,483 MW—of the new, qualified projects are demand-side resources such as demand response, energy efficiency, load management, and distributed generation. Energy efficiency projects make up over 590 MW of that total.
Winkler, E. (2008). Incorporating Demand Resources into ISO New England’s Forward Capacity Market. Energy Systems Laboratory (http://esl.tamu.edu); Texas A&M University (http://www.tamu.edu). Available electronically from
https : / /hdl .handle .net /1969 .1 /87982.