Access documents related to the development of and stakeholder discussions on the ISO New England Operational Fuel-Security Analysis.
In January 2018, ISO New England published an operational analysis of fuel-security challenges to the continued reliability of New England’s power system and opened a dialogue with stakeholders on the issue. The study illustrated the number and duration of energy shortfalls that could occur during the winter period in 2024/2025 if certain conditions developed, which would require implementation of emergency procedures to maintain reliability. The purpose of the operational fuel-security analysis was to examine how anticipated generating resource and fuel-mix combinations in the future could affect reliable operation of the regional bulk power system during an entire winter period (December 1 through February 28). Quantifying the potential shortfalls over a wide range of possible combinations provided information the region used to consider approaches to ensuring power system reliability in light of evolving industry trends.
ISO New England and its stakeholders are focused on improving energy security in the region in the near-, mid-, and long-term development horizons. Multiple solution paths are being considered and have included interim fuel-security reliability reviews in the Forward Capacity Market, interim compensation treatment to prevent uneconomic retirement bids from resources that may be critical to winter energy security, the inclusion of specific opportunity costs in energy market supply offers, improved energy emergency forecasting and reporting protocols, and a three-part market-based approach to addressing energy security.
The Operational Fuel-Security Analysis and Winter Energy Security project is just one of several key projects at the ISO, which continuously undertakes a variety of short- and long-term projects to enhance the region's competitive wholesale electricity markets and ensure reliable operation of the power grid.