NYISO power prices jumped sharply in December on the back of sharp gains for natural gas stemming from extreme cold weather at the end of the month.

NYISO third-quarter energy prices fell 16 to 30% versus a year ago due to falling electricity demand and lower natural gas costs according to the ISO’s MMU.

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.

NYISO’s Business Issues Committee approved steps intended to improve the efficiency of the interconnection queue process while maintaining needed reliability evaluations.

FERC  accepted NYISO’s proposed Tariff revisions allowing large behind-the-meter resources to participate in the ISO’s  markets.

FERC granted renewable energy resources an exemption from buyer-side mitigation rules in New York's installed capacity market.

NYISO can force idled generators to allow use of their interconnections for reliability purposes, FERC ruled last week, saying that such actions do not constitute an unconstitutional “taking” under the Fifth Amendment.

NYISO asked FERC if a recent order meant to mitigate market power in the installed capacity market in New York City would apply to its new capacity zone in the Lower Hudson Valley.