A $63/ton carbon price could drive New York state's clean energy penetration to as high as 64% of the state’s resource mix by 2025.

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 recommended its carbon pricing proposal no longer include emissions-free resources with existing REC contracts pay the LBMP carbon component.

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

New York electricity market stakeholders reviewed three separate studies to evaluate the implications of a carbon charge in NYISO’s energy markets.

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

NYISO proposed a framework for billing carbon charges to New York energy suppliers to price greenhouse gas emissions in the market.

NYISO floated a carbon pricing proposal that would leave importers and exporters to manage the risk of predicting carbon charges for real-time imports.

NYISO recommended steps to prevent suppliers from collecting double payments for carbon-emission reductions that have already been captured by renewable energy credit contracts.

A study suggests that New York’s effort to price carbon into its electricity market could result in reduced CO2 emissions from neighboring generators.