NYISO stakeholders debated that carbon pricing could occasionally leave New York electricity consumers paying into the carbon revenue account.

NYISO stakeholders learned that pricing carbon into the wholesale energy market would have little effect on corporate credit rules.

NYISO last month incorporated additional 115-kV transmission facilities in its energy market model, COO Rick Gonzales told the Management Committee.

NYISO told stakeholders how pricing carbon would impact the ISO’s Tariff, and how it will handle residual allocations stemming from carbon charges.

NYISO released a Strategic Plan outlining how it will incorporate market and regulatory trends into its planning processes for 2019 to 2023.

NYISO locational-based marginal prices averaged $40.31/MWh in Dec., down by about 7% from Nov. and slightly more than 30% from the same month a year ago.

New York Gov. Andrew Cuomo pledged to erase the state’s carbon footprint by 2040 and nearly quadruple its offshore wind energy goal to 9 GW by 2035.

The working group charged with shepherding carbon pricing into New York’s wholesale electricity market discussed how to handle import/export transactions.

FERC accepted NYISO’s Order 844 filing, which establishes procedures for reporting uplift payments, operator-initiated commitments and more.

Gov. Andrew Cuomo’s energy efforts will build on New York's progress, which included a carbon pricing proposal, energy storage programs and offshore wind.