A $63/ton carbon price could drive New York state's clean energy penetration to as high as 64% of the state’s resource mix by 2025.
The Integrating Public Policy Task Force met for the last time before handing its final carbon pricing proposal to NYISO’s stakeholder governance process.
Stakeholders debated a NYISO proposal to disqualify some holders of renewable energy credit contracts from getting paid carbon charges.
The impact of a carbon price would likely reverberate throughout New York’s wholesale electricity markets, industry experts said.
NYISO continues to propose a cost-levelizing approach for allocating carbon charge residuals to load-serving entities.
NYISO is floating a proposal that would incorporate the social cost of carbon into the ISO’s wholesale market by debiting each energy supplier a uniform carbon emissions charge as part of its settlement.
To model the impacts of carbon pricing on dispatch, resource costs and emissions in its wholesale electricity market, New York would do well to start by estimating a social cost of carbon (SCC), experts told a state task force Monday.
Among other news reported at the NYISO Business Issues Committee, year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase.