North America
April 28, 2020
Power & Utilities | Wholesale Markets
Visual Primer Series
EnerKnol’s Visual Primer – New England Grid Operator Proposes Market-Based Solution to Energy Security Challenges
The new plan incentivizes generation owners to bolster their energy supply arrangements in a fuel- and technology-neutral manner.
The New England grid operator has proposed a long-term, market-based solution to the region’s energy security problem as the power generation fleet moves towards a mix of energy-limited resources. With the retirement of resources with stored fuel, the system is increasingly reliant on facilities that run on just-in-time natural gas deliveries and weather-dependent wind and solar energy. To address the ensuing challenge, the grid operator proposes to improve the current market structure by creating incentives for the region’s fleet to invest in the energy supply arrangements and technologies on which the region depends.
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