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N.Y. Gov. Directs PSC to Review NYISO Market Design, Governance
January 28,2015 New York Governor Andrew Cuomo's 2015 Opportunity Agenda directs the Public Service Commission to review the markets and governance of the New York Independent System Operator. "The current wholesale market structure is not designed for, nor may be well suited for, the proliferation of clean distributed energy resources. The evidence lies in the limited deployment of demand response in the wholesale energy and ancillary services markets and the eroding penetration of demand response in the capacity market. Renewable energy resources also face financial difficulty operating within the current wholesale market structure," Cuomo's agenda states. "NYISO makes decisions that can have profound impacts on New York’s electricity prices and energy resource mix, and thus on consumers, the economy, and the environment. However, NYISO’s board of directors does not have adequate public and consumer representation, and are not subject to the same transparency standards as other governmental organizations. The PSC will review NYISO’s current governance structure and markets, and make recommendations for governance and market design changes that will better represent consumer interests and facilitate the advancement of the ongoing clean energy policies of New York State," Cuomo's agenda states.
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