Capacity prices have steadily declined over the past two auctions since the Forward Capacity Auction (FCA) design was implemented three years ago (FCA 8). What caused these declines, and are the capacity prices expected to decline further?
In this webinar, ICF examines the results of the latest ISO-NE auction, and will discuss the following developments that impact capacity prices and supply in the region:
- Integrating Markets and Public Policy (IMAAP)
- Revised cost of new entry
- The changing demand curve
- Increasing Penalty Rates