NYISO
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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.
FERC gave final approval to NERC reliability standards on training requirements and the coordination of protection systems.
NYISO continues to propose a cost-levelizing approach for allocating carbon charge residuals to load-serving entities.
NYISO said Wednesday it is prepared to meet peak demand this summer, with a total of 42,169 MW of power resources available to cover an expected peak of 32,904 MW — 2.9% above the long-term average.
NERC said Wednesday that its annual summer reliability assessment indicates ERCOT and CAISO will face operational challenges and potential reliability concerns this summer, thanks to the two ISOs’ respective loss of baseload generation and lack of fuel assurance.
NYISO stakeholders are being asked to weigh in on how effectively the external Market Monitoring Unit is performing its duties before the ISO considers whether to renew its contract.
FERC granted Brookfield Energy Marketing a one-time NYISO Tariff waiver allowing the company to avoid paying a penalty for a clerical error.
FERC denied a complaint from the New Jersey BPU to reallocate the Bergen-Linden Corridor project’s costs, leaving PSEG to pay for most of it.
The NYISO / NY DPS IPPTF learned that New York’s adoption of carbon pricing will likely increase the state’s wholesale energy prices and decrease prices for zero-emission credits.
National Grid said its yearly earnings increased 4% to $4.73 billion, mainly reflecting the strong performance of the company’s U.S. business.
NYISO power prices averaged $35/MWh in April, up from $29.91/MWh in March and $31.06/MWh the same month a year ago.
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