New York City
New York City saw a 221% increase in capacity costs in the first quarter due to the retirement of 600 MW in peaker plants and the increase of more than 300 MW in the local installed capacity requirement.
NYISO received four bids in response to its Public Policy Transmission Need solicitation to deliver up to 8 GW of offshore wind power to New York City.
The economic forecasts for both New York state and the U.S. are reasonably healthy, stakeholders learned at NYISO’s annual Spring Economic Conference.
A developer has committed to replacing a fossil-fired peaker plant with a lithium-ion battery system that will, for a while, be New York City's largest.
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.
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.
Building decarbonization is at once critical for the environment, expensive for building owners and potentially taxing for the power grid.
NYISO’s Operating Committee voted to approve the results from the Expedited Deliverability Study (EDS) 2023-01 report that included 16 projects, two of which were found to be undeliverable.
NYISO will keep two natural gas peaker plants online past their planned 2025 retirements to solve a 446-MW shortfall in New York City.
Decarbonizing hundreds of thousands of small- to midsize apartment buildings in New York will be an expensive and challenging task, the Federal Reserve Bank of New York indicates in a new report.
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