New York ISO Initiatives to Support the CLCPA
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New York ISO Initiatives to Support the CLCPA Climate Leadership & Community Protection Act renewable power generation by 2030 zero-emissions by 2040 70% 100% Offshore wind 9,000 MW by 2035 Energy storage 3000 MW by 2030 Solar energy 6,000 MW by 2025 Energy efficiency 185 trillion BTU reduction by 2025 vs forecast To achieve the state’s environmental goals you need innovation. And for that, you need markets. Rich Dewey President & CEO, New York ISO Market design changes currently under way Transmission & planning initiatives Our proposal incorporates a “social cost” of CO 2 emissions into electricity markets, rewarding investment in clean energy resources while promoting efficiency improve- ments to fossil-fuel power plants. Benefits downstate environmental justice communities where fossil fuel generation is primarily located. Numerous studies confirm the proposal’s ability to meet the CLCPA goals faster and more cost-effectively while maintaining grid reliability. STATUS: Continues to receive growing support from numerous environmental, labor, and economic groups. Recognized by many as the quickest path to support the state CLCPA goals. With the influx of renewables, grid reliability remains paramount. We have introduced initiatives into the New York wholesale electricity markets that would pay energy suppliers for the ability to start up, and/or respond quickly, to changing conditions. These rules would smooth fluctuations from weather-dependent resources. STATUS: Working with a diverse set of stakeholders to fine-tune new market rules. A primary function of the capacity market is to maintain sufficient generation resources to serve demand. The transition of our energy resources requires re-evaluation of this market to provide fair, effective pricing to benefit reliability and facilitate clean energy investment. STATUS: Our shared governance committees will review a series of recommendations throughout Q4 2020. New rules allow consumers to participate in energy markets with distributed solar, wind and storage resources. These expanded options for market participation of Distributed Energy Resources (DERs) provide more resource flexibility and resilience to support increased clean energy. STATUS: FERC accepted new rules in December 2019 and in January 2020. Carbon Pricing Proposal Historic legislation that mandates reduction of greenhouse gases to address climate change. CLCPA goals: New Rules to Balance Wind & Solar Capacity Market Model Evaluation Integration of DERs & Energy Storage
Transcript of New York ISO Initiatives to Support the CLCPA
New York ISO Initiatives to Support the CLCPA
Climate Leadership & Community Protection Act
renewable power generation by 2030
zero-emissions by 2040
70%
100%
Offshore wind 9,000 MW by 2035
Energy storage 3000 MW by 2030
Solar energy 6,000 MW by 2025
Energy efficiency 185 trillion BTU reduction by 2025 vs forecast
To achieve the state’s environmental goals you need innovation. And for that, you need markets.
Rich Dewey President & CEO, New York ISO
Market design changes currently under way
Transmission & planning initiatives
Our proposal incorporates a “social cost” of CO2 emissions into electricity markets, rewarding investment in clean energy resources while promoting efficiency improve-ments to fossil-fuel power plants. Benefits downstate environmental justice communities where fossil fuel generation is primarily located. Numerous studies confirm the proposal’s ability to meet the CLCPA goals faster and more cost-effectively while maintaining grid reliability.
STATUS: Continues to receive growing support from numerous environmental, labor, and economic groups. Recognized by many as the quickest path to support the state CLCPA goals.
With the influx of renewables, grid reliability remains paramount. We have introduced initiatives into the New York wholesale electricity markets that would pay energy suppliers for the ability to start up, and/or respond quickly, to changing conditions. These rules would smooth fluctuations from weather-dependent resources.
STATUS: Working with a diverse set of stakeholders to fine-tune new market rules.
A primary function of the capacity market is to maintain sufficient generation resources to serve demand. The transition of our energy resources requires re-evaluation of this market to provide fair, effective pricing to benefit reliability and facilitate clean energy investment.
STATUS: Our shared governance committees will review a series of recommendations throughout Q4 2020.
New rules allow consumers to participate in energy markets with distributed solar, wind and storage resources. These expanded options for market participation of Distributed Energy Resources (DERs) provide more resource flexibility and resilience to support increased clean energy.
STATUS: FERC accepted new rules in December 2019 and in January 2020.
Carbon Pricing Proposal
Historic legislation that mandates reduction of greenhouse gases to address climate change.
CLCPA goals:
New Rules to Balance Wind & Solar
Capacity Market Model Evaluation
Integration of DERs & Energy Storage
A tale of two grids: how transmission investment helps grow renewables
NewYorkISO www.nyiso.com/blognyiso
New York ISO Initiatives to Support the CLCPA (Cont.)
Transmission & planning initiatives
Fast-tracking integration of renewables into the gridAdvances in technology and green energy policies have dramatically increased the number of renewable projects being proposed in New York. We have taken action to adapt our planning processes which are essential to reliably integrating these resources.
The number of projects in our Interconnection Queue, the process for connecting new supply, has tripled, now numbering over 200. A majority of these projects are wind, solar and storage resources.
STATUS: Recent improvements will expedite the process to connect new power resources, helping New York meet its clean energy goals faster.
2%<1%
87%
11%
70%
27%
<1%2%
Fossil FuelZero EmissionOther RenewablesHydro Pumped Storage
Central East Constraint
Energy Produced from:
UPSTATE ENERGY PROFILE
(zones A-E)
DOWNSTATE ENERGY PROFILE
(zones F-K)
Most of the clean energy is generated upstate, while most of the energy demand is downstate. Since much of the bulk power transmission system was built before 1980, it needs updating. Any plan to increase renewables must address transmission needs to allow clean energy to be reliably delivered to customers.
STATUS: There are three projects in development to expand delivery across the state by more than 1,000 MW. These projects are currently in the siting process for approval by the state. In addition, the state has proposed aggressive transmission investment in support of the CLCPA.
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