Last year, NYISO implemented a wind forecasting system designed to improve the use of wind energy resources by forecasting the availability and timing of wind-powered generation. As a result of these initiatives, wind generators in New York produced 3.302 TWh of electricity in 2012, more than 500 GWh above the levels achieved in 2011.
"As New York pursues ambitious goals to scale up renewable resources, such as wind and solar, it is essential that our wholesale market rules and grid operations keep pace with these changes," says Jackson Morris, director of strategic engagement at the Pace Energy and Climate Center. “With its continued efforts to efficiently integrate wind onto the grid, the NYISO has demonstrated its ability to innovate in order to optimize the performance of our evolving electric fleet.”
NYISO also notes that, at $45.23/MWh, the average wholesale electricity price for 2012 was the lowest in the 12-year history of New York’s competitive markets for wholesale electricity, eclipsing the previous record-low price of $48.63/MWh in 2009.