July 23, 2024

locational capacity requirement (LCR)

NYISO Studying How to Update IRM Calculation to Account for Offshore Wind
The New York State Reliability Council’s mathematical model for calculating the state’s installed reserve margin every year will need to be updated as more offshore wind and major transmission lines come online, NYISO told stakeholders. 
FERC Approves NYISO Request to Lower NYC Capacity Requirement
FERC granted NYISO’s waiver request to update its installed capacity requirement for New York City in the 2024/25 capability year, which began May 1. 
NYISO Stakeholders Approve LCRs for Upcoming Capability Year
The final locational minimum installed capacity requirements for NYISO zones G - J for the 2024/25 capability year were approved by stakeholders at the Operating Committee meeting on Jan. 18.
NYISO Finds No Need for New Capacity Zones
The ISO's New Capacity Zone study indicates that New York's six highway interfaces have sufficient transmission capacity, making establishment of new capacity zones unnecessary.
NYISO BIC Stakeholders OK Modeling, Market Design
NYISO’s Business issues Committee approved testing of dynamic reserves, changes to the LCR optimizer, and new capacity accreditation rules.  
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NY Reliability Council Approves 22% IRM for 2024/25
After four rounds of voting, the New York State Reliability Council Executive Committee approved a 22% IRM for 2024/25, up from 20% for the previous year.
NYISO Operating Committee Briefs: Jan. 23, 2023
NYISO updated the OC on the December snowstorm's impact on grid operations, highlighting a sharp shortfall in scheduled generation on Christmas Eve.
NYISO Stakeholders Still Concerned About DER Participation Model
NYISO on Friday presented the Installed Capacity/Market Issues Working Group with draft revisions to its distributed energy resource participation model.
Potomac Economics
NYISO Monitor Proposes Capacity Pricing Overhaul
Potomac Economics is recommending that NYISO take a comprehensive approach to lowering the costs of satisfying the grid’s needs and improving incentives.

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