NYISO Capacity Price Forecast Winter 2024-25 | Capacity Watch Blog
The NYISO Winter Strip Auction window opened today, starting a series of critical events in the NYISO Winter Capability Period for 2024/25.
The New York Independent System Operator (NYISO) manages the state of New York’s energy needs, ensuring a reliable power supply during the colder months. This blog post will delve into some details of the NYISO Installed Capacity Market for the Winter 2024/25 season, shedding light on auction schedules, clearing price volatility, and notable changes compared to the previous winter.
Auction Schedule
The NYISO Winter Capability Period for 2024/25 is set to commence on November 1st, and a series of crucial auction events precede it:
- September 27, 2024: The Capability Period (6-month strip) Auction opened.
- September 30, 2024: The Capability Period Auction will close.
- October 2, 2024: Winter strip auction results will be posted.
- October 10-11, 2024: The First Monthly Auction for Winter 2024/25.
- October 23, 2024: Default Reference Prices will be posted.
- October 25-28, 2024: November Spot Auction will be conducted.
- October 30, 2024: November Spot Auction results will be posted.
These dates mark critical milestones in the preparation for the upcoming winter season.
Clearing Prices
The NYISO Installed Capacity Market clearing price determines the compensation for Power Generation Owners. The Winter 2024/25 price forecast reveals significant changes compared to Winter 2023/24 including key auction parameters, changes in supply since Winter 2023/24, and ESAI’s updated forecast for the Winter period.
Conclusion
The NYISO Installed Capacity Market for Winter 2024/25 promises to be dynamic and shaped by various factors, including changes in supply, winter peak load forecast, and the Demand Curve Reset Period process (DCRP). As New York prepares for another winter, stakeholders in the energy market must closely monitor these developments to help inform their Capacity auction bid strategies throughout the winter period.
More Information
ESAI’s updated Capacity forecast will be discussed in the latest issue of Capacity Watch. For more information about our Capacity Forecasts, see our Capacity Market Coverage. To request trial access to ESAI’s Benchmark Energy Research fill out this free trial form.
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