New York Independent System Operator (NYISO)
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The economic forecasts for both New York state and the U.S. are reasonably healthy, stakeholders learned at NYISO’s annual Spring Economic Conference.
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NYISO said it is prepared to meet demand during an extreme kind of heat wave called a heat dome that is already spiking temperatures to near 100 degrees Fahrenheit in western New York.
D.C. Circuit Court of Appeals
The D.C. Circuit Court of Appeals has upheld FERC’s approval of a key NYISO capacity market price determinant that the state utility regulator says could raise costs by hundreds of millions of dollars per year.
NYISO
Emily Chen, an analyst with FERC’s Office of Energy Market Regulation, gave a briefing on Orders 1920 and 1977 to members of the NYISO Management Committee during a joint meeting with the ISO’s Board of Directors.
NYISO
Stakeholders scolded NYISO for using the wrong figure in a press release on its summer capacity assessment, saying it suggested capacity margins would be tighter this summer than expected.
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NYPA has expanded its AGILe Lab with extensive new digital twin capabilities, allowing it to model and test the impact of new technologies on the grid.
NYISO
NYISO sad it expects enough capacity to serve peak load this summer under normal conditions, but hotter-than-expected weather could lead it to resort to emergency procedures.
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FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1.
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FERC approved NYISO’s proposed tariff revisions that set rules for distributed energy resources seeking to participate in its markets, including a 10-kW minimum for individual resources to be included in an aggregation.
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Industry speakers at the 2024 New York Energy Summit told attendees the state has already missed its goal of 70% renewable energy by 2030 even as state officials maintained their optimism.
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