Building location-based ICAP market in New England

Summary form only given. The presentation cover the major aspects of the ISO-NE's ICAP and LICAP market experiences. The main topics are: overview of the existing ICAP market and the need of LICAP market in New England; general process of the proposed LICAP market; the introduction of regional LICAP demand curves; LICAP spot market clearing process; LICAP market settlement examples; the role of regulation in the LICAP market.