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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.
NYISO
NYISO released the first draft of its 2024 Reliability Needs Assessment showing a capacity deficiency in New York City beginning in 2033 and proposing to declare a reliability need for its zone.
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NYISO proposed to increase the Rate Schedule 1 carryover to $5 million, while the Installed Capacity Working Group discussed different ways to incentivize transmission security via the markets.
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NYISO made significant updates to its assumptions as part of its final Reliability Needs Assessment, which now shows no concern of a capacity deficiency and a loss-of-load expectation of less than 0.1 in 2034.
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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.
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NYISO’s Operating Committee approved the system upgrade facilities and system deliverability upgrade studies for Class Year 2023.
The Brattle Group
Allowing utilities to own generation again in New York state could speed up their deployment, according to a Brattle Group white paper prepared for Consolidated Edison.
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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.
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The NYISO Operating Committee approved revisions to the 2024-01 Expedited Delivery Study, finding that all nine proposed projects are deliverable at their requested capacity resource interconnection service levels.
NYISO
NYISO presented its $204 million draft budget for 2025 to the Budget and Priorities Working Group, with an administrative rate of $1.319/MWh based on a 154,700-GWh transmission throughput.
NYISO
NYISO's update to its draft Reliability Needs Assessment still shows an expected capacity shortfall by 2034, though it is slightly less than what was initially presented in July.
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