June 2, 2014
Admit: FERC Concedes Capacity Market "[F]orc[es] Consumers to Pay for Capacity Without Receiving Commensurate Reliability Benefits"
ISO New England's current capacity market design, "fails to provide adequate incentives for resource performance, thereby threatening reliable operation of the system and forcing consumers to pay for capacity without receiving commensurate reliability benefits," FERC conceded in an order Friday.