New York Independent System Operator (NYISO)
NYISO
The NYISO Operating Committee approved the final Locational Capacity Requirements for the 2025/26 capability year.
NYISO
NYISO presented its final locational minimum installed capacity requirements for the 2025/26 capability year during the Installed Capacity Working Group’s first meeting of 2025.
NYISO
NYISO’s early 2025 will likely be dominated by the Reliability Needs Assessment process again, but the year will also bring other issues.
NYISO
Two initiatives that have bedeviled discussion at NYISO committees in the last few weeks of the year reared their heads again at the final Budget Priorities Working Group meeting of the year.
South Fork Wind
During its last meeting of the year, the NYISO Management Committee approved two proposals that would institute a new design for the reserve market and alter a calculation used in the regulation service market.
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The NYISO Business Issues Committee tabled a proposal to levy financial penalties against consistently underperforming generators in the reserve market.
NYISO
The Market Monitoring Unit said that even though all-in prices were slightly down, NYISO energy costs generally were up by 4 to 26% in most areas.
PSEG
NYISO stakeholders expressed skepticism of an ISO proposal to levy financial penalties against underperforming generators, saying it was not developed enough to be voted upon by the end of the year.
NYISO
NYISO published the final, approved version of the 2024 Reliability Needs Assessment, which identifies a reliability need in New York City beginning in 2033.
NYISO
The NYISO Board of Directors announced that it approved the ISO’s 2025 budget and incentive goals, along with the 2025-2029 Demand Curve Reset and the 2024 Reliability Needs Assessment.
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