The new tariff revisions aim to address forecast errors for load and renewable generation, ensuring sufficient flexible resources.
In 2024 New York state imported 7.7 terawatt-hours of Canadian electricity – more than any other state – valued at hundreds of millions of dollars.
The long-term deal ensures Ravenswood power plant can switch to fuel oil, safeguarding NYC grid during gas shortages.
NYISO’s proposal aims to protect the grid operator from potential financial losses due to new import duties.
The move comes as U.S. prepares to impose new tariffs on Canadian goods, potentially including cross-border electricity trade totaling 4.6 GW of capacity.
The new rules aim to improve the scheduling of fast-start resources in the day-ahead market by accounting for the operational limits of the generators.
