NYISO Asks if ICAP Order Includes the Lower Hudson Valley
NYISO asked the Federal Energy Regulatory Commission this week if a recent order meant to mitigate market power in the installed capacity market in New York City would apply to its new capacity zone in the Lower Hudson Valley (EL07-39-006). NYISO wants an expedited ruling by Monday because market participants are preparing for the May monthly auction. Enrollment closes on Wednesday.
The order accepted NYISO’s compliance filing with the exception of its proposal to grant a blanket exemption from offer floor calculations for all payments and other benefits to special case resources (SCR) under state programs. An SCR is a demand-side resource that participates as a supplier in NYISO’s capacity market. (See FERC Upholds Most of New York City Market Power Order.)