UTES – Introduction to ISO New England and Resource Capacity Accreditation скачать в хорошем качестве

UTES – Introduction to ISO New England and Resource Capacity Accreditation

ISO New England is an independent, non-profit organization that administers New England’s various energy markets. Each year, New England spends billions of dollars in its Forward Capacity Market to ensure that the region has enough capacity to meet the system's energy needs three years in the future. The Forward Capacity Auction is an extremely complex optimization problem, and currently includes many assumptions appropriate for a resource mix that is comprised primarily of oil, coal, and natural gas power plants. As the region builds more and more intermittent (wind and solar) resources, these assumptions are no longer appropriate. This talk will introduce ISO New England and describe its role in New England's energy markets and the clean energy transition. The talk will then describe current issues with how resources are compensated in the Forward Capacity Market and discuss potential reforms. Steven Otto is an economist in Market Development at ISO New England. Steven started at ISO New England in 2018 after completing his Ph.D. in Applied Economics at Cornell University, where he specialized in auction theory and behavioral economics. At the ISO, Steven has worked on projects in the energy and capacity markets, including the incorporation of opportunity costs into energy market offers, new day-ahead ancillary service products, consideration of potential pathways to a future grid, and resource capacity accreditation reforms.