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EPA Criticizes State Department Keystone XL Draft EIS
Both ISO-NE and NEPOOL asked for earlier clearing of the day-ahead energy market and earlier completion of the initial Reserve Adequacy Analysis (RAA). But the ISO-NE proposal began and ended the processes one hour sooner than under the NEPOOL proposal. NEPOOL argued that the extra hour between 9 a.m. and 10 a.m. provided under the NEPOOL proposal is critical, because it enables gas-fired units to benefit from reasonable transparency, robust price discovery, and competition in the natural gas commodity marketplace when formulating day-ahead energy bids.
The FERC Order came down on the side of NEPOOL with the commission arguing it has the potential to not only enhance reliability but also better account for market efficiency.