NYISO said it has commissioned Analysis Group to model the social cost of carbon in order to finalize a carbon pricing scheme for its electricity markets.

NYISO stakeholders learned that pricing carbon into the wholesale energy market would have little effect on corporate credit rules.

NYISO told stakeholders how pricing carbon would impact the ISO’s Tariff, and how it will handle residual allocations stemming from carbon charges.

NYISO locational-based marginal prices averaged $40.31/MWh in Dec., down by about 7% from Nov. and slightly more than 30% from the same month a year ago.

The working group charged with shepherding carbon pricing into New York’s wholesale electricity market discussed how to handle import/export transactions.

Gov. Andrew Cuomo’s energy efforts will build on New York's progress, which included a carbon pricing proposal, energy storage programs and offshore wind.

The Integrating Public Policy Task Force met for the last time before handing its final carbon pricing proposal to NYISO’s stakeholder governance process.

NYISO said it would revise its carbon pricing proposal to enhance the bidding treatment for carbon-free resources and help prevent carbon leakage.

NYISO is considering penalizing external resources that fail to perform when dispatched following a supplemental resource evaluation.

NYISO floated a plan to calculate the carbon pricing impact on locational-based marginal prices (LBMPc) using the social cost of carbon.