FERC sets sanction higher than Northeast ISO requests

The charge is intended to encourage new generation and is levied against New England utilities or other load entities that don௿½t contract for enough electricity to serve customers and maintain a reasonable generation margin, or the so-called ICAP. The charge or fine is paid to generators.

Dec. 15, 2000–The Public Service Commission of New York staff called for a price cap of $150/ MWh for bids by generators into the wholesale electricity market in a report issued Thursday. Presently, the New York Independent System Operator is operating under a $1,000/MWh cap.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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