Forward Capacity Auction Objectives
{"Image DocumentName": "Forward Capacity Auction Objectives", "Image ImageDescription": "The FCM uses a competitive Forward Capacity Auction (FCA) process to determine which resources to buy, how much to buy, and how much to pay. The FCA select a portfolio of Generation and Demand Resources to meet Installed Capacity Requirements. All resources that clear the auction are paid the market-clearing price ( /kW-month), subject to performance incentives and penalties. To encourage investment, new resources can receive a long-term commitment (up to 5 years). \u00a9 2006 ISO New England Inc.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}