We use cookies to provide you with a better experience. By continuing to browse this site you are agreeing to our use of cookies in accordance with our Cookie Policy.
New York’s electric system has the capacity to meet demand for electricity during extreme cold weather conditions through the 2017-2018 winter season, according to NYISO. The ISO forecasts peak demand this winter of 24,365 MW, slightly higher than the 24,164-MW peak of last winter, when weather was milder than the...
By Michael Kuser NYISO third-quarter energy prices fell 16 to 30% compared with the same period a year ago because of mild summer conditions, lower natural gas prices and higher output from nuclear and hydropower plants, the ISO’s Market Monitoring Unit reported last week. Reduced congestion into Long Island and...
FERC on Tuesday approved NYISO’s request for a 30-day extension for submitting additional reliability-must-run tariff revisions. The ISO must now file the changes no later than Jan. 16, 2018 (ER16-120). NYISO had appealed for more time to consider directives the commission set out in a Nov. 16 order, which largely...
By Michael Kuser New York is fine-tuning plans for meeting its 2030 renewable energy target and closing the books on the energy efficiency programs that it has used since 2008. The New York Public Service Commission earlier this month approved orders implementing the second phase of the state’s Clean Energy...
By Michael Kuser ALBANY, N.Y. — The planning for pricing carbon into NYISO’s markets should be more clearly defined, stakeholders told ISO and New York state officials Monday. A good starting point: clarify the charter for the state’s Integrating Public Policy Task Force (IPPTF), some stakeholders contended. “The problem we’re...
By Jason Fordney FERC last week approved NYISO’s tariff revisions to implement a new reliability-must-run program but directed the ISO to make another filing with certain revisions to the initiative (ER16-120, EL15-37). NYISO submitted a compliance filing Sept. 20 to implement revisions to its RMR proposal, including adding a 365-day...
By Rich Heidorn Jr. FERC on Thursday approved NYISO Tariff revisions ordering downstate residents to pay 90% of the cost of AC transmission projects stemming from public policy needs (ER17-1310-001). The projects, which include the estimated $1 billion Edic-Pleasant Valley 345-kV line and the $246 million Oakdale-Fraser 345-kV line, are...
RENSSELAER, N.Y. — NYISO year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase from a year earlier, Senior Vice President for Market Structures Rana Mukerji told the ISO’s Business Issues Committee (BIC) on Wednesday. Locational-based marginal prices (LBMPs) averaged $28.35/MWh for the month, down 4.1% from September and...
Consolidated Edison’s third-quarter earnings fell 8% to $457 million ($1.48/share), a drop the company attributed to changes in its rate plan and regulatory charges, as well as the impact of weather on steam revenues. The new rate plan includes changes in the timing of recognition of annual revenues between...
By Michael Kuser A cool summer and the impact of Hurricane Harvey drove NRG Energy third-quarter earnings sharply lower, but the company still sees bright days ahead, according to CEO Mauricio Gutierrez. NRG earned $171 million ($0.53/share) last quarter, compared with $402 million ($1.27/share) in the same period last year.
RSS
