NYISO Rate Schedule 1
The NYISO Management Committee passed the draft Reliability Needs Assessment and recommended that the Board of Directors approve it at its next meeting.
NYISO proposed to increase the Rate Schedule 1 carryover to $5 million, while the Installed Capacity Working Group discussed different ways to incentivize transmission security via the markets.
NYISO presented its $204 million draft budget for 2025 to the Budget and Priorities Working Group, with an administrative rate of $1.319/MWh based on a 154,700-GWh transmission throughput.
Emily Chen, an analyst with FERC’s Office of Energy Market Regulation, gave a briefing on Orders 1920 and 1977 to members of the NYISO Management Committee during a joint meeting with the ISO’s Board of Directors.
NYISO's Management Committee voted to not conduct another cost-of-service study to update rate schedule 1 allocations, while CEO Rich Dewey announced the ISO would search for a replacement for Ave M. Bie.
The New York grid performed well in the summer’s 1st heat wave July 20-24, NYISO vice president of operations Aaron Markham told the NYISO Management Committee.
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