NYISO Rate Schedule 1
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.
The NYISO Management Committee passed the draft Reliability Needs Assessment and recommended that the Board of Directors approve it at its next meeting.
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.
Emily Chen, an analyst with FERC’s Office of Energy Market Regulation, gave a briefing on Orders 1920 and 1977 to members of the NYISO Management Committee during a joint meeting with the ISO’s Board of Directors.
NYISO's Management Committee voted to not conduct another cost-of-service study to update rate schedule 1 allocations, while CEO Rich Dewey announced the ISO would search for a replacement for Ave M. Bie.
The New York grid performed well in the summer’s 1st heat wave July 20-24, NYISO vice president of operations Aaron Markham told the NYISO Management Committee.
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