New York ISO (NYISO)

The New York Independent System Operator (NYISO) operates New York State’s bulk electricity grid, administers the state’s wholesale electricity markets, and provides comprehensive reliability planning for the state’s bulk electricity system. NYISO began operating in 1999 and is based in Rensselaer, NY.

What Market Data and Analysis does ESAI provide on NYISO?

ESAI provides fundamental-based outlooks for generation owners, investors, developers, and energy traders. Subscribers receive market updates on important market events including Capacity auctions, RGGI auctions, NJ CO2 auctions, new Emissions and Renewables legislations, plus complete NYISO long-term price forecasts for Power, NatGas, Capacity, RECs, and Emissions prices.

ESAI Power’s market insights enable subscribers to:

Make critical investment and trading decisions.
Conduct effective energy asset revenue and gross margin analysis.
Validate Asset valuation models and projections.
Stay up to date with unbiased near-term and long-term price forecasts.
Understand and manage market and regulatory risks.
Test analytical models.
Compare industry standard Capacity, Carbon, RECs, Energy & NatGas price forecast benchmarks.

In addition to NYISO, ESAI Power monitors ISO-NE, PJM and MISO.

Read Our NYISO Blog Posts

Emissions Watch | EPA Rules Update

June 6, 2024

ESAI Power’s latest Emissions Watch update, issued on May 16, 2024, provided our customers with our analysis of the four final rules issued by the US Environmental Protection Agency (EPA) in April 2024, including the Greenhouse Gas Rule (GHG), the Updated Effluent Limitation Guidelines (ELGs), the Updated Mercury and Air Toxics Standards (MATS) and the Coal Combustion Residuals (CCR) Rule.

RGGI Auction 62 Clears at CCR Trigger of $14.88 | Emissions Watch Blog

December 8, 2023

The most recent RGGI quarterly auction (Auction 62) was held on December 6, 2023. The clearing price was $14.88/ton, 7.4 percent higher than the clearing price of $13.85/ton on September 6, 2023 (see Figure 1). Auction 62 represents the third consecutive auction with increasing clearing prices, which follows three prior consecutive auctions with decreasing clearing prices.

RGGI Auction 61 – Clearing Prices Up Nearly 9% | Emissions Watch Blog

September 8, 2023

The most recent RGGI quarterly auction (Auction 61) was held on September 6th. The clearing price was $13.85/ton, 8.8% higher than the clearing price of $12.73/ton on June 7, 2023. Auction 61 represents the largest increase in clearing price in percentage terms since Auction 54 in December 2021.

Will Virginia leave RGGI? | Emissions News

August 31, 2023

At the end of July, regulations were published to withdraw Virginia from the Regional Greenhouse Gas Initiative (RGGI). The regulation, which was to take effect on August 30, 2023, requires that Virginia withdraw from the RGGI program at the end of this year. As expected, a legal challenge was filed immediately by the SELC.

RGGI Auction 60 – Clearing Price of $12.73/ton | Emissions Watch Blog

June 9, 2023

RGGI quarterly Auction 60 was held on June 7, 2023. The clearing price was $12.73/ton, 1.8 percent higher than the clearing price of $12.50/ton on March 8, 2023 (see Figure 1). Auction 60 represents the first auction with a clearing price higher than the previous auction since Auction 56 in June 2022, reversing the recent trend of declining clearing prices.

RGGI Auction 59 – Clearing Price of $12.50/ton | Emissions Watch Blog

March 10, 2023

The most recent RGGI quarterly auction (Auction 59) was held on March 8, 2023. The clearing price was $12.50/ton, 3.8% lower than the clearing price of $12.99/ton on December 7, 2022 (see Figure 1). Auction 59 represents the third consecutive auction with a clearing price at least three percent lower than the previous auction. The trend of lower clearing prices in recent auctions is notable given that clearing prices had increased in 12 consecutive auctions from September 2019 through June 2022.

PM2.5 and NAAQS Update | Emissions Watch Blog

February 15, 2023

The U.S. Environmental Protection Agency (EPA) issued a proposed rule to strengthen the primary (health-based) annual National Ambient Air Quality Standards (NAAQS) for fine particle pollution, PM2.5. Specifically, the EPA is proposing to revise the primary annual standard from 12.0 µg/m3 to a value within the range of 9.0 and 10.0 µg/m3.

RGGI Auction 58 Clears at $12.99 | Emissions Watch Blog

December 9, 2022

The most recent RGGI quarterly auction (Auction 58) was held on December 7, 2022. The clearing price was $12.99/ton, three percent lower than the clearing price of $13.45/ton on September 7, 2022 (see Figure 1). Auction 58 represents the second consecutive auction with a clearing price lower than the previous auction, with both Auctions 57 and 58 clearing 3 percent below previous auction clearing prices.

RGGI Auction 57 Clears At $13.45, A 3% Drop | Emissions Watch Blog

September 9, 2022

The most recent RGGI quarterly auction (Auction 57) was held on September 7, 2022. The clearing price was $13.45/ton, three percent lower than the clearing price of $13.90/ton on June 1, 2022 (see Figure 1). Although the clearing price was only $0.45/ton lower than the most recent auction, Auction 57 marks the first time since Auction 45 in September 2019 that the clearing price has declined from the previous auction.

RGGI Auction 56 Update: RGGI Auction Clears At $13.90 | Emissions Watch Blog

June 3, 2022

The most recent RGGI quarterly auction (Auction 56) was held on June 1, 2022. The clearing price was $13.90/ton, three percent higher than the clearing price of $13.50/ton on March 9, 2022 (see Figure 1). Although the clearing price was only slightly higher than the most recent auction, the $13.90/ton price marks the highest clearing price since the start of the program. Notably, the clearing price fell just short of the 2022 Cost Containment Reserve (CCR) trigger price.

RGGI Auction 54 Update | Emissions Watch Blog

December 6, 2021

The most recent RGGI quarterly auction (Auction 54) was held on December 1, 2021. The clearing price was $13.00/ton, nearly 40 percent higher than the clearing price of $9.30/ton on September 8, 2021 (see Figure 1). For the first time since September 2015, the Cost Containment Reserve (CCR) was triggered which is a mechanism of the RGGI program that was implemented to provide additional allowances when auction prices exceed an established price ceiling.

RGGI Update on CO2 Data, Pennsylvania, North Carolina & Massachusetts CO2 Auction | Emissions Watch Blog

October 15, 2021

In this Emissions Watch blog, we provide several updates pertaining to the RGGI program, including a review of the recently released Q2 2021 CO2 emissions data for states in the RGGI footprint. Compared to the same quarter last year, emissions were 17 percent higher. ESAI also provides an updated RGGI price forecast, which remains below current OTC prices in the longer-term. In Pennsylvania, the Environmental Quality Board (EQB) approved final regulations to join RGGI last month, but opposition to the state joining the program persists.

Pennsylvania RGGI CO2 Limits, Illinois Energy Bill, and CSAPR Update | Emissions Watch Blog

May 21, 2021

In this Emissions Watch blog, we provide updates on the Regional Greenhouse Gas Initiative (RGGI), an energy bill introduced in Illinois, the Ozone Season Cross-State Air Pollution Rule (CSAPR), and modifications to the federal Social Cost of Carbon. RGGI Update: Relative to Q1 2020, Q1 2021 emissions in the Regional Greenhouse Gas Initiative (RGGI) footprint were 29 percent higher (excluding new members NJ and VA).

PJM Power Prices Likely To Heat Up This Summer | Energy Watch Blog

May 20, 2021

ESAI Power’s summer forecast for power prices in PJM is bullish. Both Day-Ahead and Spot markets should see increased volatility due to stronger loads, robust gas prices, and generation retirements. In this blog, we’ll provide a preview into the ESAI Power Energy Watch bullish forecasts and expected generation changes that will impact energy prices in PJM, NYISO and ISO-New England. The upside potential for delivered natural gas and power prices across the Northeast will keep the ISO markets interesting in the upcoming months.

RGGI Update | Emissions Watch Blog

February 26, 2021

New York ISO (NYISO)

What Market Data and Analysis does ESAI provide on NYISO?

Read Our NYISO Blog Posts

Emissions Watch | EPA Rules Update

RGGI Auction 62 Clears at CCR Trigger of $14.88 | Emissions Watch Blog

RGGI Auction 61 – Clearing Prices Up Nearly 9% | Emissions Watch Blog

Will Virginia leave RGGI? | Emissions News

RGGI Auction 60 – Clearing Price of $12.73/ton | Emissions Watch Blog

RGGI Auction 59 – Clearing Price of $12.50/ton | Emissions Watch Blog

PM2.5 and NAAQS Update | Emissions Watch Blog

RGGI Auction 58 Clears at $12.99 | Emissions Watch Blog

RGGI Auction 57 Clears At $13.45, A 3% Drop | Emissions Watch Blog

RGGI Auction 56 Update: RGGI Auction Clears At $13.90 | Emissions Watch Blog

RGGI Auction 54 Update | Emissions Watch Blog

RGGI Update on CO2 Data, Pennsylvania, North Carolina & Massachusetts CO2 Auction | Emissions Watch Blog

Pennsylvania RGGI CO2 Limits, Illinois Energy Bill, and CSAPR Update | Emissions Watch Blog

PJM Power Prices Likely To Heat Up This Summer | Energy Watch Blog

RGGI Update | Emissions Watch Blog

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