| Geography |
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State covered: New York
Reliability region: New York ISO (NYISO) sub-region of the Northeast Power Coordinating Council (NPCC) [NERC regions map
] Balancing authority: New York ISO (NYISO)
Load Zones: Capital (Zone F), Central (Zone C), Dunwoodie (Zone I), Genesee (Zone B), Hudson Valley (Zone G), Long Island (Zone K), Millwood (Zone H), Mohawk Valley (Zone E), New York City (Zone J), North (Zone D), West (Zone A)
| RTO/ISO |
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New York ISO (NYISO) (established 1999) operates the region’s power grid and wholesale electric markets:
- Energy market: two-settlement (day ahead and real-time) spot market with locational marginal pricing,
- Regional and locational capacity market, and
- Financial transmission rights market.
NYISO 2006 State of the Markets Report
Market Monitor:
Nicole Bouchez – Manager, Internal Market Monitor, New York ISO
David Patton – Independent Market Advisor, New York ISO and President of Potomac Economics
Also, market participants trade electricity bilaterally through brokers, the IntercontinentalExchange (ICE) and the New York Mercantile Exchange’s (Nymex) ClearPort, using Zone A (West) as a pricing point.
| Generation/Supply |
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Marginal fuel type: natural gas
Generating capacity (summer 2006): 39,704 MW
Capacity reserve (summer 2006): 5,765 MW
Reserve margin (summer 2006): 17%
The New York City metropolitan area (NYC) and Long Island (LI) are areas of concentrated demand. Both localities have requirements for installed generating capacity that are more stringent than the rest of the region, to ensure reliability of service.
| Demand |
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All time peak demand: 33,939 MW (set August 2, 2006)
In summer of 2006, demand reached record levels on several occasions due to extremely hot weather.
Peak demand growth: 5.6 % (2006-2005)
| 2004 | 2005 | 2006 | |
|---|---|---|---|
| Summer Peak Demand (MW) | 28,433 | 32,075 | 33,939 |
| Source: Derived from NYISO Data | |||
Load pockets: Zone J New York City and Zone K Long Island
| Prices |
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Annual Average Day-Ahead Price
Zone J New York City
2004: $63.13/MWh
2005: $93.45/MWh
2006: $70.86/MWh
2007: $77.09/MWh
Zone K Long Island
2004: $63.05/MWh
2005: $98.94/MWh
2006: $86.09/MWh
2007: $86.71/MWh