#New england moves iso
“And while there is no evidence that this potential inefficiency has harmed consumers to date,” ISO says in its proposal, “that result is clearly looming.” That’s because state-subsidized renewable projects like solar and offshore wind will be built regardless, meaning consumers will end up paying for additional capacity beyond what ISO selects through the auctions. On the one hand, ISO notes, the MOPR protects investors in other generation resources from being undercut by artificially low bids from subsidized resources. In its proposal to FERC, ISO-New England calls for the elimination of the MOPR beginning with the forward capacity auction in 2025. That has prevented renewable suppliers from competing in the auctions with older fossil-fuel generators. The MOPR fixes a bidding price floor that is intended to factor in the entire reconstructed cost of each type of clean energy, including any potential support it could receive from the state. The rule negatively impacts many renewable and clean energy resources, which often have state contracts and other subsidies. It is intended to prevent state-sponsored bidders from offering low bids that could distort the market because they don’t include costs that have been paid for by the state. The MOPR sets an artificial bidding price floor for each type of state-supported clean energy resource in ISO’s annual forward capacity auctions, which secure adequate generating resources for the region three years in advance. The expressions of outrage follow what critics say was a last-minute flip-flop in ISO-New England’s position on what’s called the minimum offer price rule, commonly referred to as the MOPR (pronounced moper).
“It should come as no surprise,” they added, “that three New England natural gas plant operators developed what became the ISO-New England proposal.” “At the very moment when New England should be fully embracing the transition to renewables and the related socioeconomic opportunities, this decision to undermine state actions and renewable energy deployment is a terrible and ill-timed mistake,” the senators said in their mutually signed letter. Edward Markey, Elizabeth Warren and Bernie Sanders the Massachusetts attorney general the Maine Office of the Public Advocate the National Caucus of Environmental Legislators numerous environmental and clean energy organizations and more than 100 private citizens have all submitted comments asking FERC to reject ISO-New England’s proposal.
#New england moves torrent
A proposal from New England’s grid operator to delay a key reform that would enable more renewable energy sources to bid into the capacity market is prompting a torrent of protests in a proceeding before the Federal Energy Regulatory Commission (FERC).
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