NYISO Installed Capacity/Market Issues Working Group (ICAP-MIWG)
The NYISO Market Monitoring Unit is proposing to revise the ISO’s net congestion rent assignment process by allocating residuals to transmission owners on an individual facility basis.
As NYISO conducts its Capacity Market Structure Review, its Market Monitoring Unit and FTI Consulting say it should reject the idea of bifurcated pricing.
NYISO presented an outline of how it plans to implement storage-as-transmission assets, drawing critiques from stakeholders representing end-use customers and generators.
Stakeholders expressed confusion and concern with the most recent updates to NYISO’s operating reserves performance penalty proposal.
The NYISO Market Monitoring Unit told stakeholders it is independently analyzing the capacity market in parallel with the ISO’s ongoing Capacity Market Structure Review project.
NYISO has proposed the metrics for identifying operating reserve suppliers that consistently underperform as part of its plan to remove them from the market.
NYISO returned to the Installed Capacity Working Group with more modifications to the tariff language and general structure of its firm fuel capacity accreditation proposal, but stakeholders still appear to be skeptical of it.
NYISO's market monitor says the firm fuel capacity accreditation proposal would incentivize generators to rely on inferior types of firm fuel service that could undermine the winter reliability benefits of firming up.
NYISO presented the Installed Capacity Working Group with its priorities for the Capacity Market Structure Review, with improving the demand curve reset process and methodology topping the list.
The NYISO Business Issues Committee approved, in concept, implementation of the ISO’s new firm fuel election process and requirements as part of its changes to capacity accreditation.
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