Another call out for reforms to New England's electricity markets::
Going forward, we require a regional electricity system operator and planner that is a committed partner in our decarbonization efforts, and will:
- Proactively develop market-based mechanisms, in concert with state policymakers, that facilitate growth in clean energy resources and enabling services, while fully accounting for on-going renewable energy investments made pursuant to enacted state laws;
- Conduct best-in-class system planning activities that proactively address our clean energy needs;
- Ensure grid resiliency and reliability at least cost in a manner that is responsive to state and consumer needs; and
- Adopt an organizational mission and structure to reflect our energy transition and establish a higher degree of accountability and transparency to the participating States and other stakeholders.
Our States have long supported open, competitive market-based mechanisms as a primary means to meet the resource adequacy and reliability needs of our shared electricity grid. Our States restructured the markets for electric generation and retail supply in the 1990s (with the exception of Vermont), and rely on FERC jurisdictional markets and an Independent System Operator (ISO-New England) to operate the regional power system, implement competitive wholesale markets, and ensure open access to the transmission system. As our States accelerate efforts to expand clean energy resources and combat the global challenge of climate change, we now seek to better align our regional competitive markets with the achievement of our decarbonization goals.
Could this be the catalyst for an honest and open discussion on a wholesale market based "Always on Capacity Exchange (AOCE)" that aligns State Energy Goals with Grid Reliability requirements?