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The New York Independent System Operator Inc., a not-for-profit regional transmission owner, is responsible for operating New York's bulk electrical grid, administering the state's wholesale electricity markets, maintaining grid stability, and ensuring the reliability and planning of the state's bulk energy system.
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Speakers told FERC this week that RTO capacity markets are in serious danger from state renewable procurements and subsidies for nuclear plants.
Executives from PJM, NYISO and ISO-NE will gather with stakeholders at FERC to seek ways to incorporate policies on greenhouse gases into wholesale markets.
NYISO achieved a wind energy record of 1,574 MW at around noon on March 2, representing 9% of the state’s power generation.
Avangrid reported consolidated net income of $239 million ($0.77/share), compared with $212 million ($0.69/share) for the same period in 2016.
The New York Public Service Commission (NY PSC) voted to maintain current incentive payment rates for utilities’ demand response programs through 2017.
PJM and NYISO stakeholders met in New York for a nearly daylong meeting to discuss cost allocation and ways to evaluate the value of PARs.
NYISO updated stakeholders on its response to concerns over capacity exports, providing a status report on modeling revisions.
A spike in natural gas prices pushed LMPs up in both NYISO and ISO-NE in March, though analysts say the rise may be short-lived.
The NYISO summer 2017 capacity auction results surprised analysts last week with higher-than-expected prices for New York City and the Hudson Valley.
Potomac Economics filed a complaint over the PJM pseudo-tie procedure, the latest volley in a complex debate over the future of the pseudo-tie concept.
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