The Integrating Public Policy Task Force met for the last time before handing its final carbon pricing proposal to NYISO’s stakeholder governance process.
Carbon pricing, challenges for new renewables and funding for energy storage initiatives topped the discussion at the conference of the ACE NY.
Stakeholders debated a NYISO proposal to disqualify some holders of renewable energy credit contracts from getting paid carbon charges.
The impact of a carbon price would likely reverberate throughout New York’s wholesale electricity markets, industry experts said.
NYISO continues to propose a cost-levelizing approach for allocating carbon charge residuals to load-serving entities.
NYISO is floating a proposal that would incorporate the social cost of carbon into the ISO’s wholesale market by debiting each energy supplier a uniform carbon emissions charge as part of its settlement.
To model the impacts of carbon pricing on dispatch, resource costs and emissions in its wholesale electricity market, New York would do well to start by estimating a social cost of carbon (SCC), experts told a state task force Monday.
The Independent Power Producers of New York rang in the new year with a barbecue, a list of priorities, and a new logo.
New York policymakers were very busy in 2017, working on carbon pricing in wholesale markets and facing down legal challenges to its nuclear subsidies.
Among other news reported at the NYISO Business Issues Committee, year-to-date monthly energy prices averaged $34.89/MWh in October, a 4% increase.