NYISO and its stakeholders continued their review of the capacity market’s structure with at-times philosophical debate on the market’s purpose in New York

FERC accepted NYISO's proposed tariff revisions that were submitted as part of the Demand Curve Reset.

NYISO’s early 2025 will likely be dominated by the Reliability Needs Assessment process again, but the year will also bring other issues.

The NYISO Board of Directors announced that it approved the ISO’s 2025 budget and incentive goals, along with the 2025-2029 Demand Curve Reset and the 2024 Reliability Needs Assessment.

NYISO’s Market Monitoring Unit, Potomac Economics, presented recommendations for addressing what it calls inefficient market outcomes caused by setting locational capacity requirements based on the transmission security limit.

NYISO presented its final interim staff recommendations for the demand curve reset for 2025-2029 at the Installed Capacity Working Group’s meeting, with minor updates to some metrics.

The Analysis Group told NYISO stakeholders it did not recommend any major changes to the annual process for updating the ISO’s gross cost of new entry for generators.

NYISO presented its draft recommendations for the demand curve reset, including the choice of a two-hour battery electric storage system resource as the proxy unit in calculations.

NYISO analysts continue to recommend a two-hour battery electric storage system resource as the proxy unit for the ISO’s capacity market demand curve.