New York ISO (NYISO)

ESAI provides fundamentals-based insights to help generation owners, investors, developers, and traders navigate the NYISO power markets with confidence and clarity. 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 is responsible for managing the reliable flow of electricity across New York State’s high-voltage transmission network, ensuring that supply meets demand in real-time. In addition to operating the state’s bulk power grid, NYISO oversees the administration of competitive wholesale electricity markets, where electricity is bought and sold by generators, utilities, and other market participants. The organization plays a critical role in long-term reliability planning, conducting detailed system assessments and forecasting future energy needs to support infrastructure development and grid modernization. Since its inception in 1999, NYISO has worked to maintain system reliability, enhance market efficiency, and support the integration of renewable energy and emerging technologies. NYISO is headquartered in Rensselaer, NY.

What Market Data and Analysis does ESAI provide on NYISO?

ESAI provides fundamental-based outlooks for investors, IPPs, lenders, developers, and wholesale power markets traders. Subscribers receive market updates on important market events including the NYISO Summer Strip and Winter Strip Capacity Auctions, RGGI auctions, NJ CO2 auctions, new Emissions and Renewables legislations, plus complete NYISO long-term price forecasts for Power, Natural Gas, Capacity, RECs, and Emissions prices.

ESAI Power’s research and market updates helps clients to:

Make critical investment and trading decisions.
Invest in, value and refinance power plants.
Conduct effective energy asset revenue and gross margin analysis.
Validate Asset valuation models and projections.
Get detailed supply and demand analysis including forecasts of projects in the interconnection queues and power plant retirements.
Stay up to date with unbiased near-term and long-term price forecasts.
Understand and manage market and regulatory risks.
Test analytical models.
Industry standard Benchmark Energy forecasts for Capacity, Carbon, RECs, Energy & Natural Gas price forecasts in PJM, NYISO, ISO-NE and MISO.

NYISO Reports

Read Our NYISO Blog Posts

Persistent Congestion on NYISO’s Central East Interface: The End is in Sight | Congestion Watch Blog

October 18, 2022

The Central East Interface is one of New York’s most congested corridors, enabling Upstate generation to serve the robust load levels Downstate. Congestion on the interface and the Zone F/Zone E basis spread has increased significantly in the past 1.5 years as a result of construction on the Central East Energy Connect, one of the two projects under the AC Transmission Upgrades PPTN. In addition to construction-associated outages, higher delivered gas prices in eastern New York have contributed to increased congestion.

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.

NYISO Central East Congestion to Moderate This Summer | Congestion Watch Blog

May 20, 2022

Congestion in April will largely be driven by outage-related transmission constraints, as maintenance for both generator and transmission kicks into gear. Electricity demand across the Northeast RTOs bottoms out in April, moderating demand-driven congestion. However, while warmer temperature forecasts moderate April load expectations in New England and New York, warmer-than-normal April weather is likely to trigger some cooling demand and increased electricity consumption in PJM.

Outage-Related Transmission Constraints to Impact Power Prices in PJM, NYISO & ISO-NE | Congestion Watch Blog

March 23, 2022

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

December 20, 2021

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.

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.

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

October 20, 2021

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.

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.

NYISO Renewables Update | Renewables Watch Blog

September 27, 2021

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.

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

August 23, 2021

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.

Stepping Stones to FCA16 and Beyond | Capacity Watch Blog

August 12, 2021

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.

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

August 4, 2021

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.

Offshore Wind is Blowing Through NYISO | Energy Watch Blog

August 4, 2021

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.

Renewable Expansion in NYISO | Capacity Watch Blog

July 27, 2021