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Forward Capacity Market Revised Stop Loss and PPR

Forward Capacity Market Revised Stop Loss and PPR. Joel Newton NextEra Energy Resources. October 8, 2013. NextEra concurs with the ISO’s proposed annual stop loss, but believe the monthly stop loss continues to be flawed.

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Forward Capacity Market Revised Stop Loss and PPR

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  1. Forward Capacity MarketRevised Stop Loss and PPR Joel Newton NextEra Energy Resources October 8, 2013

  2. NextEra concurs with the ISO’s proposed annual stop loss, but believe the monthly stop loss continues to be flawed

  3. The annual stop loss for a resource receiving $14.99/kW-mo. is $0.03/kW-year; at $2.76/kW-mo. its $36.72/kW-year

  4. Lowering the PPR may significantly affect the benefits ISO expects from the implementation of FCM PI Can Analysis Group’s FCM PI Objectives Be Met? • Quantity of resources continuing to participate in ISO-NE markets will increase under PI compared to current rules • FCA 8 non-price retirements • Performance risk associated with gas supply curtailment will be mitigated through increased dual fuel capability • Incremental dual fuel capability of 5,848 MW to 7,368 MW for gas shortage and high gas shortage cases • FCM PI will shift the resources that remain economically viable in the markets towards a more flexible mix

  5. The ISO has not demonstrated that a PPR of $2000 will meet its reliability objectives (i.e., increased dual fuel units)

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