First ISO New England capacity auction under CASPR clears at 6-year lows

摘要

ISO New England’s capacity market auction closed at a preliminaryclearing price of $3.80/kW-month, compared to $4.63/kW-month inlast year’s auction, an 18% decline, which was the lowest clearing pricein six years, the grid operator said.“This year’s auctions procured the resources needed for a reliablepower system at a competitive price, while implementing newprocedures to accommodate state-sponsored renewable resources,”Robert Ethier, vice president of market operations at ISO-NE, said in astatement late Wednesday.