The NYISO markets performed competitively in the third quarter, but the use of OOM actions to meet reliability was a concern, the MMU said.

NYISO is pausing its Comprehensive Mitigation Review project until it receives further clarity from FERC, the ISO told stakeholders.

NYISO analysis of reserve pickup performance for winter 2019/20 shows that 76% of the time, resources provided more than 90% of total energy expected.

NYISO energy markets performed competitively in the second quarter, with the pandemic leading to the lowest load and average fuel prices in more than a decade.

NYISO is nearing a vote on market participation rules for hybrid storage and generation resources, with plans to submit the proposal in 2021.

NYISO energy prices sank to 11-year lows during the first quarter, ranging from $15 to $35/MWh, according to the MMU’s State of the Market report.

Meeting New York’s ambitious goal of reaching 100% emissions-free electricity will require an “astonishing” 80 GW of new generation by 2040.

NYISO will face a myriad of challenges as New York decarbonizes its economy and the power sector transitions to zero-emissions generation.

A new initiative will aim to help NYISO improve its monitoring of fuel and energy security across the New York grid, stakeholders heard.

NYISO floated a plan that would provide hybrid storage resources three options for participating in its energy and capacity markets.