Installed Reserve Margin (IRM)
The final locational minimum installed capacity requirements for NYISO zones G - J for the 2024/25 capability year were approved by stakeholders at the Operating Committee meeting on Jan. 18.
The ISO's New Capacity Zone study indicates that New York's six highway interfaces have sufficient transmission capacity, making establishment of new capacity zones unnecessary.
After four rounds of voting, the New York State Reliability Council Executive Committee approved a 22% IRM for 2024/25, up from 20% for the previous year.
The New York State Reliability Council OK'd interconnection standards for inverter-based resources larger than 20 MW.
The NYSRC Executive Committee approved the modeling assumptions for its 2024/25 installed reserve margin requirement study base case and discussed potential cap-and-invest updates.
The Planning Committee endorsed the recommended values in the 2023 Reserve Requirement Study, which would increase the amount of reserves that PJM aims to procure for the 2027/28 delivery year.
PJM brought a quick fix solution before the Planning Committee, seeking to address the frequency and magnitude of load forecast adjustments being requested by electric distribution companies.
The 2023 Reserve Requirement Study, which PJM presented to stakeholders, would lead to an uptick in the targeted reserve procurement level.
The N.Y. State Reliability Council Executive Committee indicated its Installed Capacity Subcommittee may increase the amount of 10-minute reserve assumptions.
The New York PSC approved a slight increase to the amount of reserve resources that load-serving entities must have available for the upcoming capability year.
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