February 3, 2014
Despite the ostensible obligations placed on capacity suppliers, FERC unsurprisingly granted the New York ISO's petition to grant make-whole payments to generators with costs in excess of $1,000/MWh.
Click for More
January 30, 2014
Retail suppliers protested the New York ISO's sought waiver to provide make-whole payments in excess of $1,000/MWh to generators, not because the payments are unwarranted, but because the retail suppliers said that the costs should instead be reflected in market-clearing prices.
Click for More
January 29, 2014
FERC has denied the New York ISO's sought phase-in of the new G-J local capacity zone (Lower Hudson Valley zone).
Click for More
January 29, 2014
NRG Power Marketing LLC and several affiliates have asked FERC to, "require NYISO [New York ISO] to submit tariff revisions to permanently eliminate the $1,000/MWh bid cap."
Click for More
January 23, 2014
The New York ISO has sought FERC approval for a temporary waiver to allow it to accept offers in excess of the $1,000/MWh price cap.
Click for More
December 17, 2013
Even as NRG Energy leads Texas down a path to a capacity market, it is about to enjoy the fruits of a state-arranged, ratepayer-backed "subsidized" contract to repower one of its New York power plants (aside: New York has a capacity market and according to capacity market supporters, should have no…
Click for More
December 9, 2013
In an op-ed published by CityLimits.org , New York Assemblyman James Brennan said that the "clear answer" to excessive profits made by unregulated power generators under the New York market design is to "re-regulate the price of electricity."
Click for More
December 2, 2013
A proposed phase-in of the new G-J local capacity zone in the New York ISO, as formally proposed at FERC by NYISO last week, won't completely shield ESCOs and customers from rate shock associated with spiked capacity prices from the new zone, an analysis by NYISO shows.
Click for More
October 29, 2013
The New York ISO has asked FERC for rehearing of the Commission's earlier decision to establish a new capacity zone (the G-J Locality or Lower Hudson Valley zone) on May 1, 2014, for the purpose of allowing a phase-in of the new capacity zone to avoid potential "rate shock."
Click for More
October 29, 2013
ConEdison Solutions has issued a white paper examining the increasing use of pass-throughs in retail electric contracts for a host of components, including capacity, NITS, and Reliability Must-Run contracts, likening the increased reliance on pass-throughs to the "baggage fees" deplored by air…
Click for More
August 14, 2013
FERC has adopted without modification the New York ISO's proposal to create a new local capacity zone in the ICAP market, consisting of Load Zones G, H, I, and J (the G-J Locality), applicable to load-serving entities including ESCOs
Click for More
June 19, 2013
Duke Energy announced that Lynn Good has been elected as its next president and chief executive officer, succeeding Jim Rogers, who will continue to serve as chairman of the board until his retirement on Dec. 31, 2013. Good will also serve as a director on the Duke Energy board. She will assume her…
Click for More
June 7, 2013
Retail Energy Supply Association Announces New Member
Click for More
May 21, 2013
ConEdison Solutions has protested the New York ISO's filing to implement a new, local capacity zone in the ICAP market due to the asymmetric treatment of capacity imports and exports in the zone, which will lead to increased capacity prices for ESCOs.
Click for More
May 1, 2013
The New York ISO has filed at FERC to implement a new capacity zone under its capacity market, which would require load serving entities such as ESCOs to meet capacity obligations for such new zone.
Click for More
April 19, 2013
The New York State Public Service Commission has approved the construction and operation of the Champlain Hudson Power Express Project, a 1,000 megawatt (MW) transmission line stretching 330 miles from the Canadian border to Astoria, Queens, primarily through Lake Champlain and the Hudson River.
Click for More
April 3, 2013
The New York ISO's latest auction for strip capacity prices for the summer of 2013 resulted in higher capacity prices.
Click for More
April 1, 2013
The New York ISO has filed at FERC tariff modifications to better align the credit requirements for imports to, exports from, and wheels through (External Transactions) the New York Control Area with the associated market risk.
Click for More
February 11, 2013
The New York ISO has filed tariff changes at FERC to modify the calculation of Locational Based Marginal Pricing (LBMPs) during periods of scarcity, to allow for pricing to reflect scarcity conditions on a localized basis.
Click for More
January 18, 2013
The New York State Public Service Commission yesterday instituted a proceeding, "to examine repowering alternatives to utility power plant reinforcements," and directed National Grid and New York State Electric and Gas Corporation (NYSEG) to work with generation owners to evaluate repowering of two…
Click for More
January 17, 2013
PJM Interconnection and the New York Independent System Operator (NYISO) have successfully begun jointly managing transmission limits that occur near the "seams" between their regions.
Click for More
January 2, 2013
Carthage Energy, LLC has provided notice to the New York PSC that it intends to discontinue operation and retire the Carthage Energy electric generation facility unit effective April 1, 2013.
Click for More
December 19, 2012
An initial decision from a FERC ALJ would deny a proposal from the Midwest ISO and International Transmission Company (Joint Applicants) to recover from load in PJM and the New York ISO certain costs associated with Phase Angle Regulating transformers (PARs) located at Bunce Creek on the…
Click for More
November 28, 2012
The New York State Public Service Commission took action on three items highlighted in Governor Andrew M. Cuomo's Energy Highway Blueprint issued by the Energy Highway Task Force in October.
Click for More
November 23, 2012
The New York State Office of General Services (OGS) has sought a change to New York's uniform business practices (UBPs) to allow customers to aggregate their electric load in order to meet the threshold of a "direct customer" and participate in the market without an ESCO.
Click for More