Utility Dive reports that in a 3-1 decision, the Federal Energy Regulatory Commission on Thursday approved a proposal by the New England Independent System Operator (ISO-NE) to boost compensation for fuel resources during winter months, finding it a “reasonable short-term solution to compensating, in a technology-neutral manner, resources that provide fuel security.”
The Inventoried Energy Program would run during the winters of 2023/2024 and 2024/2025, and would be open to oil, coal, natural gas, nuclear, biomass, demand response and some hydro resources. ISO-NE estimated the program will cost between $102 million and $148 million per year.
The Utility Dive report focuses primarily on the lone dissent from Commissioner Glick, rather than the details of the actual order approved by 3 Commissioners.