NYISO said Monday that it could implement carbon pricing in New York’s wholesale electricity markets no earlier than the second quarter of 2021.

The New York Public Service Commission (NYPSC) voted unanimously to authorize state agencies to procure 800 MW of offshore wind energy by next year.

NYISO presented stakeholders details on how a carbon charge would affect locational-based marginal prices and imports and exports.

New York officials outlined how the state plans to add 1,500 MW of energy storage by 2025, a target set by Gov. Andrew Cuomo.

The impact of a carbon price would likely reverberate throughout New York’s wholesale electricity markets, industry experts said.

Electric reliability in New York state declined last year compared to 2016 because of a severe wind storm in March, staff told the NYPSC.

NYISO continues to propose a cost-levelizing approach for allocating carbon charge residuals to load-serving entities.

The NYISO / NY DPS IPPTF learned that New York’s adoption of carbon pricing will likely increase the state’s wholesale energy prices and decrease prices for zero-emission credits.

About 194,000 customers in New York were without electric power in the state after a series of thunderstorms hit on May 15, according to the NYPSC.

The New York Public Service Commission approved a seven-year tariff for the Consolidated Edison (Con Ed) electric vehicle (EV) quick-charging station program and other REV initiatives.