NYISO is preparing to revise its capacity market rules so they do not slow the deployment of state-subsidized renewable resources.

The NYISO Market Monitoring Unit discussed its report on the Class Year 2019 buyer-side mitigation evaluations.

NYISO proposed a three-tier approach for working on projects in its Grid in Transition initiative and how to measure their effects.

The NYISO markets performed competitively in the third quarter, but the use of OOM actions to meet reliability was a concern, the MMU said.

NYISO is pausing its Comprehensive Mitigation Review project until it receives further clarity from FERC, the ISO told stakeholders.

NYISO is preparing to be able to adapt its reserve requirements quickly to a changing resource mix by procuring supplemental reserves.

NYISO energy markets performed competitively in the second quarter, with the pandemic leading to the lowest load and average fuel prices in more than a decade.

NYISO told stakeholders that it supports most of its consultants’ proposed parameters and assumptions for the quadrennial demand curve reset.

NYISO energy prices sank to 11-year lows during the first quarter, ranging from $15 to $35/MWh, according to the MMU’s State of the Market report.

Meeting New York’s ambitious goal of reaching 100% emissions-free electricity will require an “astonishing” 80 GW of new generation by 2040.