Aaron Markham, NYISO vice president of operations, presented the 2025-2026 Winter Capacity Assessment and Winter Preparedness forecasts to the Operating Committee.

NYISO expects its 2026 budget to be $210 million, $8 million more than the 2025 budget, its CFO told the Budget and Priorities Working Group.

At a recent Budget and Priorities Working Group meeting, NYISO presented its final recommendations for 2026, which will define where the ISO puts its market design resources.

Calpine proposed that NYISO split its 24-hour-only transmission congestion contracts into on-peak and off-peak products, arguing it would reduce the cost of congestion hedging by better aligning it with load and generation behavior.

NYISO presented additional data to the Budget and Priorities Working Group explaining its reasoning for rolling the remaining funds from this year’s budget cycle into a Rate Schedule 1 carryover.

NYISO proposed to increase the Rate Schedule 1 carryover to $5 million, while the Installed Capacity Working Group discussed different ways to incentivize transmission security via the markets.

NYISO presented its $204 million draft budget for 2025 to the Budget and Priorities Working Group, with an administrative rate of $1.319/MWh based on a 154,700-GWh transmission throughput.

NYISO's final 2025 project budget recommendation re-added several items, such as the storage as transmission project, that will be presented to the Management Committee later this year.