The New York Independent System Operator (NYISO) created the Fuel Assurance Initiative to address concerns about reduced power reserves and constrained natural gas capacity – and the associated costs and operational risks for New York energy consumers. As part of this initiative, NYISO filed a proposal with FERC to create a Comprehensive Shortage Pricing (CSP) project to ensure sufficient generation is available when needed. Specific components include:
The filing notes that 84 percent of NYISO’s Management Committee voted in favor of the measure. NYISO requested a FERC ruling within 60 days of the filing, with the new pricing taking effect November 1 or later. In October, NYISO presented a Consumer Impact Analysis from the proposed rule. The material in this article is based on NYISO’s filing (FERC accession number 20150218-5152).