ISO-NE auction attracts resources at low prices

摘要

ISO New England’s 10th forward capacity auction concluded at a lowerthanrnexpected $7.03/kW-month price, as an abundance of competingrnresources bidding for the 2019-2020 planning year offset keyrnretirements in the region.rnSome industry analysts anticipated new generation in thernSoutheastern New England (SENE) Zone built to replace the retiringrn680 MW Pilgrim nuclear facility would set the auction clearing price atrn$11/kW-mo or higher — to reflect the cost of building new generation.rnTwo new dual-fuel facilities, the 333 MW Canal 3 plant in Sandwich,rnMA and 485 MW of the Burrillville Energy Center in Burrillville, RhodernIsland cleared the auction in the SENE Zone to replace Pilgrim,rndemonstrating that plant economics may work with lower capacityrnpayments than some anticipated.rn“It’s tough to predict how resources are going to bid,” said AlrnPereira, a consultant with Daymark Energy Advisors. “There were a lotrnof competing megawatts, and that pushed down the clearing price,” hernsaid.