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  • Capacity procurement mechanism replacement
    This initiative will design a capacity procurement mechanism to replace the current one that expires Feb. 16, 2016. The proposal will include a durable mechanism and market-based price for the ISO to procure capacity not designated for resource adequacy in order to meet reliability needs. The ISO plans to present a proposal to its Board of Governors in the first quarter of 2015.
    • Outcome
      Effective November 2016 market-based procurement and pricing replaced the former administrative price for backstop capacity. The new procurement mechanism allows suppliers to offer local, system, and flexible backstop capacity into a competitive solicitation process to meet identified reliability needs. — Implemented: Nov 01, 2016; FERC approval: Aug 18, 2016 (ER16-897), Oct 01, 2015 (ER15-1783); Tariff amendment filings: Feb 04, 2016 (ER16-897), May 26, 2015 (ER15-1783); Board of Governors approval: Feb 05, 2015
    • Capacity procurement mechanism replacement - papers and proposals