NYISO (The New York Independent System Operator) was authorized by FERC in 1998 and launched on December 1, 1999. The NYISO footprint covers the entire state of New York. NYISO is responsible for operating wholesale power markets that trade electricity, capacity, transmission congestion contracts, and related products, in addition to administering auctions for the sale of capacity. NYISO operates New York’s high-voltage transmission network and performs long-term planning. The chronic transmission constraints in NYISO are in the southeastern portion of the state, leading into New York City and Long Island. As a result of their dense populations, New York City and Long Island are the largest consumers of electricity. Consequently, energy flows from the west and the north toward these two large markets, pushing transmission facilities near their operational limits. This results in transmission constraints in several key areas, often resulting in higher prices in the New York City and Long Island markets.

Source: https://www.ferc.gov/electric-power-markets

Posts

A New Year (2022) brings New Congestion Risks to PJM, NYISO & ISO-NE | Congestion Watch Blog

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High on-peak load levels and gas prices bolster congestion risks in January across ISO-NE and PJM. Winter demand levels are here to stay and are forecasted to be high in every market except for NYISO where temps will be unseasonably warm. Cold-weather seasons are not usually associated with transmission and generator outages, but ESAI has a few outages on our radar that are forecasted to keep all three markets spicy this January.

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Northeast’s Inflated Natural Gas and Power Forwards | Energy Watch Blog

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The upcoming winter’s natural gas and power prices outlook for PJM, NYISO and ISO-New England continue to trend up despite the warmer-than-normal weather forecast. The forwards appear overvalued and ESAI Power holds its bearish stance on natural gas and power prices. The markets bullish outlook is based on a recent uptick in delivered gas and global LNG prices, but ESAI Power’s outlook has key insights driving a stable gas and power forecast.

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NYISO Renewables Update | Renewables Watch Blog

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New York continues to push ahead with its renewable energy goals. Just last week, the state announced two significant developments during its kick-off of Climate Week. Governor Kathy Hochul announced the winners of its recently established Tier 4 REC solicitation, which sought proposed generation or transmission projects that would deliver renewable electricity into New York City. Additionally, Hochul called for the expansion of the state’s NY-Sun program to achieve 10 GW of distributed solar by 2030 (up from 6 GW by 2025). Both announcements signal the state’s commitment to reach its goal of 70% renewable electricity by 2030.

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September Congestion update PJM NYISO & ISO-NE | Congestion Watch Blog

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Weather forecasts across the Northeast power markets continue to call for warmer-than-normal temperatures this summer and elevated electricity demand will be the main congestion driver in August. Planned generator maintenance will be minimal; however, forced generator outages during hot summer weather could significantly impact congestion and be an import constraint on areas across the Northeast Power Pools.

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Stepping Stones to FCA16 and Beyond | Capacity Watch Blog

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In this blog, we highlight a portion of the analysis in the NYISO section of the recently published Q2 Capacity Watch™. Changes to the New York markets’ supply and demand levels and declining peak load forecasts have sent capacity prices in all directions. New York’s commitment to renewable development has increased considerably in the past year with the approval of CLCPA’s minimum statewide goal of 9 GW of offshore wind by 2035. The upward trajectory of renewables has also shaped LCR and IRM expectations.

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ESAI Power Launches Renewables Watch for NYISO, ISO-NE & PJM Wholesale Power Markets | Press Release

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Today, ESAI Power, a market research and consulting firm, announced the immediate availability of its Renewables WatchTM Service which provides Class I REC (Renewable Energy Certificates) Price outlooks to 2030 for the ISO-NE & PJM power generation and transmission systems and the Supply & Demand Balance forecasts for the NYISO power generation and transmission system.

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Offshore Wind is Blowing Through NYISO | Energy Watch Blog

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This blog looks into the impact that offshore wind development in NYISO has on gas-fired generation facilities and their net energy revenues. The recent approval of CLCPA’s minimum statewide offshore wind goal and NYSERDA’s authority to procure offshore renewable energy credits (ORECs) puts renewables at the forefront of NYISOs market development. The Boardwalk Offshore Wind and Beacon Offshore Wind Project that were recently awarded OREC contracts are just the start of the lofty 9 GW offshore wind target.

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Renewable Expansion in NYISO | Capacity Watch Blog

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In this blog, we highlight a portion of the analysis in the NYISO section of the recently published Q2 Capacity Watch™. Changes to the New York markets’ supply and demand levels and declining peak load forecasts have sent capacity prices in all directions. New York’s commitment to renewable development has increased considerably in the past year with the approval of CLCPA’s minimum statewide goal of 9 GW of offshore wind by 2035.

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Energy Watch™ Report Released for Q2 2021

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Our Q2 issue of Energy WatchTM came out this week.  In our Q2 Energy WatchTM report ESAI Power provides an update on the Seasonal NOx regulations under the Cross-State Air Pollution Rule and the expected impact on allowance prices, Northeast power plant emissions, and wholesale power prices.  For each ISO, ESAI Power provides an overview of projected net energy revenue expectations for key generation technologies.

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Transmission Outages in ISO-NE Will Elevate Congestion Potential in NEMA, SEMA & CT | Congestion Watch Blog

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Weather forecasts across the Northeast power markets continue to call for warmer-than-normal temperatures this summer and elevated electricity demand will be the main congestion driver in August. Planned generator maintenance will be minimal; however, forced generator outages during hot summer weather could significantly impact congestion and be an import constraint on areas across the Northeast Power Pools.

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