Feature Image for The Altenex Market Report – Spring 2017: NY ISO Market Overview

The Altenex Market Report – Spring 2017: NY ISO Market Overview

This article is adapted from the Altenex Market Report – Spring 2017, a comprehensive assessment of the policy, technology, and pricing developments shaping the North American renewable energy market.

NYISO Market Overview

About NYISO: The New York Independent System Operator (NYISO) coordinates the movement of electricity throughout New York State. Created in 2000, NYISO offers over a decade of historical wholesale power price information that can be useful in the evaluation of power purchasing options in the region.

As illustrated below, wholesale power prices in NYISO dipped to record lows in 2016, but have since ticked upward. Prices are expected to continue to slowly trend upward in the near-term. Around-the-clock pricing at NYISO Zone A averaged $26.48/MWh in the past 12 months, and is expected to average $26.98/MWh in 2017, based on a combination of early 2017 prices and OTC power forwards, as of late March 2017. Going forward, forecasters expect wholesale power prices to stay low, due to slow growth in power demand and modest gains in natural gas prices. With an aggressive state energy policy in place — seeking 50% renewables by 2050, as well as incentivizing energy efficiency improvements — New York will likely limit the growth of its wholesale power prices.

Monthly Historical & Futures Pricing at NYISO Zone A

What are the advantages of signing a deal in NY ISO?
[Available only in the full report.]

What are the challenges of signing a deal in NY ISO?
[Available only in the full report.]

The report is available to Edison Energy clients and to select commercial, industrial and institutional entities, jointly referenced here as C&I buyers. To request a copy of the report, please contact Blaine Collison, Edison Energy, at Blaine.Collison@EdisonEnergy.com

 

SaveSave

SaveSave

View All Posts