locational-based marginal pricing (LBMP)
NYISO locational-based marginal prices were down sharply in March compared to February’s average, though they were well above March 2020's average prices.
NYISO locational-based marginal prices averaged $63.70/MWh in February, more than triple the $21.11/MWh average in February 2020.
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 stakeholders were divided on whether New York's ambitious climate bill necessitates increased skepticism on carbon pricing or urgency on the effort.
NYISO debated the content of a draft study on the impact of public policy on the state grid and the ISO’s proposed changes to its carbon price calculation.
NYISO's Business Issues Committee approved a proposed Tariff revision that redefines acceptable collateral for foreign market participants.
NYISO’s Business Issues Committee recommended the Management Committee approve Tariff revisions on a new market design for distributed energy resources.
NYISO proposed using an estimated fuel cost to help determine the carbon component of locational-based marginal prices, while the state’s largest waste energy producer called for carbon offsets to be included in the final carbon pricing plan.
NYISO said it has commissioned Analysis Group to model the social cost of carbon in order to finalize a carbon pricing scheme for its electricity markets.
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