New York is trying to strike a balance between economic development, grid stability and affordability as potential new large load customers look for electricity.

The average cost for electricity in NYISO was $201.89/MWh in January, up nearly 53% from January 2025 and possibly the highest ever for the month, the ISO reported.

NYISO began what is expected to be a yearlong effort of revising its Reliability Planning Process at a Transmission Planning Advisory Subcommittee meeting.

New York generators had to rely on oil as gas was scarce throughout the Eastern Interconnection during the Jan. 25-27 winter storm, NYISO said in a preliminary analysis.

Rising electricity prices in New York are driven by the increased cost of gas because of the ongoing Russia-Ukraine War and increased LNG exports, according to a recent policy paper by NYISO.

NYISO staff presented more of their initial ideas for improving the Demand Curve Reset process, centered on alternative shapes, slopes and points of the curve.

After a decade of intensive policy work and billions of dollars expended, the state’s grid was more reliant on carbon-based fuels in 2024 than in 2014.

The winter storm that moved through Texas and much of the Eastern Interconnection cut power to hundreds of thousands of people and stressed the bulk power system, but did not create major disruptions like other storms earlier this decade.

The four aging reactors and their 3.36 GW of output are considered an indispensable part of New York’s power portfolio and decarbonization strategy.

The NYISO Operating Committee has approved the ISO’s locational capacity requirements despite multiple stakeholders abstaining from the vote in protest of the process.