by Robert Walton, Utility Dive
August 7, 2017
• The draft version of an ISO-New England study on resource expansion scenarios concludes wholesale energy markets will not be sufficient to keep new resources economically viable, absent additional revenues.
• The draft also finds that renewable energy will reduce the need for natural gas, but gas-fired units will still set the marginal cost in both 2025 and 2030.
• The grid operator stresses the study, “2016 NEPOOL Scenario Analysis,” is not a final document and specific figures could change. ISO-NE has given stakeholders until Aug. 23 to provide comment.
New resources “will require sources of revenue in addition to the wholesale energy market to remain economically viable,” ISO-NE expects.