NYISO is seeing “historically low” load and prices, Senior Vice President of Market Structures Rana Mukerji told the Business Issues Committee.

The NYISO Business Issues Committee approved Tariff changes on energy storage and load forecast revisions to account for behind-the-meter net generation.

NYISO stakeholders approved external ICAP limits and changes to the Transmission Congestion Contracts Manual during the Business Issues Committee meeting.

NYISO is moving the proxy bus for pricing transactions with Ontario’s IESO to reflect power-flow changes from the implementation of phase-angle regulators.

NYISO’s Business Issues Committee endorsed the ISO’s plan to replace its ad hoc generator retirement studies with quarterly “short-term” analyses.

NYISO’s Business Issues Committee voted to recommend the Management Committee approve Tariff changes intended to help speed up the interconnection process.

The NYISO Business Issues Committee voted to recommend a cost-containment mechanism for the ISO’s public policy transmission planning process.

The NYISO Business Issues Committee approved several manual and Tariff revisions, and received the monthly Broader Regional Markets and operations reports.

NYISO approved manual changes to accommodate a new penalty scheme to improve the ISO’s ability to call on external capacity resources.

NYISO locational-based marginal prices averaged $24.43/MWh in June, up slightly from $23.10/MWh in May, but down about 25% from the same month a year ago.