WRAP UP:

“Making Sense of IMAPP”
Integrating Markets and Public Policy in New England:

Sponsored by: Eversource, HQUS, Starion Energy, Robinson+Cole, DCO Energy, Globelé Energy, LLC
  

WRAP UP:
CPES and NEWIEE Host Joint Meeting on Integrating Markets and Public Policy (IMAPP) in New England

On September 13, 2017, the Connecticut Power and Energy Society (CPES) and New England Women in Energy and the Environment (NEWIEE) hosted a joint meeting in Hartford, Connecticut on an important regional topic—the integration of the region’s wholesale electricity markets with the public policy goals of the New England states. The meeting marked the third collaboration between CPES and NEWIEE, reflecting the organizations’ respective commitments to create opportunities to share information about hot topics in energy, while recognizing women who work in the industry. The panel discussion featured state and regional experts on energy, including Allison DiGrande, Director of NEPOOL Relations for ISO New England, Michelle Gardner, Director of Regulatory Affairs – Northeast for NextEra Energy Resources, and Elin Katz, Consumer Counsel for the State of Connecticut. Flossie Davis, Partner at Day Pitney LLP, moderated the panel and provided background on the stakeholder discussions launched by NEPOOL to consider potential market rule changes to integrate markets and public policy in New England.      

Allison DiGrande set the stage for the discussion, explaining how state polices promoting the procurement of clean energy resources are impacting the region’s wholesale electricity markets. She explained the proposal the ISO has put forward to accommodate the states’ public policy goals in the near term—called Competitive Auctions with Sponsored Policy Resources—involving enhancements to the region’s Forward Capacity Market. She noted that the ISO’s proposal is intended to integrate the states’ sponsored policy resources into the Forward Capacity Market over time while preserving competitively based capacity pricing for other resources in New England to ensure resource adequacy. She stated that the ISO is currently working with stakeholders on design details and plans to file its proposal with the Federal Energy Regulatory Commission (FERC) by the end of the year for review and approval.

Michelle Gardner discussed a longer-term proposal offered by NextEra Energy, Conservation Law Foundation, and Brookfield Renewable aimed at achieving the states’ public policy goals through the wholesale electricity markets. She laid out the general framework for a proposed Forward Clean Energy Market intended to procure the clean energy attributes of resources needed to fulfill the states’ long-term greenhouse gas (GHG) reduction goals. She explained that the design proposal is intended to not only attract new clean energy resources but also retain existing clean energy resources to cost-effectively reduce GHG emissions in New England. She also described the proposal’s location-specific payments to focus incentives to develop new clean energy resources where they will displace the most CO₂ emissions.

Elin Katz voiced her support for a solution that accommodates the states’ public policy goals, expressing concern over the willingness and ability of the six New England states to gain consensus over one set of public policy goals to achieve through the markets. She explained to attendees that the Connecticut Office of Consumer Counsel is an active and voting member of the End-User Sector of NEPOOL, which gives consumer interests a voice in stakeholder discussions. She also touched on the issue of Millstone Nuclear Power Station and how the debate over the plant’s future is indicative of the challenges associated with coming to agreement over matters of state policy.

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Panel Description:
Since last August, market participants, policymakers, and other stakeholders have been discussing potential market rule changes to integrate the region’s wholesale electricity markets with the public policy goals of the New England states. Through that process, ISO New England has offered a conceptual approach to accommodate state policies in the near term, involving enhancements to the Forward Capacity Market. The region’s stakeholders are exploring several other concepts as well, including longer-term solutions aimed at achieving the states’ public policy goals, not simply accommodating them. How did we get here? How are consumers represented in these discussions? 

Location:
Day Pitney LLP, 242 Trumbull Street, Hartford, CT 06103

Program:

• 5:30: Registration and networking reception
• 6:15: Welcoming remarks by NEWIEE and CPES Board Members
  • Elizabeth C. Barton, NEWIEE President and Partner, Day Pitney LLC
  • Joey Lee Miranda, CPES President and Partner, Robinson+Cole
• 6:30: Panel discussion: Making Sense of IMAPP: Integrating Markets and Public Policy in New England
• 7:30: Conclusion