In late January, the New York Independent System Operator (NYISO) announced its five year strategic plan outlining six target initiatives that will be focused on.
The six initiatives outlined by the NYISO include:
- Grid Reliability and Resilience
- Efficient Markets for a Grid in Transition
- New Resource Integration Integration of Public Policy
- Technology and Infrastructure Investment
- Efficient and Flexible Business Model
Of note, the updated strategic plan includes the pricing of carbon emissions into the wholesale power market. This move could increase power prices by $10 to $15 per MWh in the coming years, according to Manan Ahuja, senior director of North America power modeling at S&P Global Platts Analytics.
With such a large potential increase, it could be a smart time to evaluate your options for locking in energy pricing. Please contact your Stanwich Account Manager or call 877-214-9066 to discuss these upcoming changes and what can be done to stay on top of your own strategic plan.
For more information, please refer directly to the NYISO's published Strategic Plan for 2019 - 2023.