IPPNY Statement on the NYISO’s Comprehensive Reliability Plan
Albany, NY – The Independent Power Producers of New York (IPPNY) commends the New York Independent System Operator (NYISO) for publicizing the honest and robust findings in its biennial Comprehensive Reliability Plan, which shows system vulnerabilities and an extremely narrow margin for error over the next 10 years. This era of profound reliability challenges for New York’s electric system comes as plant retirements accelerate, economic development drives demand growth, and project delays undermine confidence in future supply. Depending on these factors, the system may need a sizable amount of new dispatchable generation to account for possible shortfalls. This paints a grim picture for the electric grid if market signals, paired with state regulatory and legislative reform, are not coordinated with urgency.
IPPNY President & CEO Gavin J. Donohue said, “These findings should not come as a surprise to anyone who has been tuned into the energy scene in New York over the past few years. The State’s conventional generation fleet continues to age, and these units have a much higher chance of a significant risk for end-of-life failures. IPPNY supports the NYISO for continuing to work through its effective stakeholder process to refine market signals and be transparent with the system’s reliability outlook. This report reiterates the State’s realization that ALL resources are needed to meet the once-in-a-generation economic growth set for New York, while keeping consumer costs affordable through competitive markets.”
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IPPNY is New York’s trade association dedicated to representing the largest fleet of clean energy generation in New York State and companies involved in: the competitive power supply industry; the development of electric generating facilities; the generation, sale, and marketing of electric power; and natural gas transmission facilities. IPPNY Member companies produce the majority of New York’s electricity, utilizing all sources, such as wind, solar, hydro, energy storage, natural gas, low sulfur oil, biomass, and nuclear. Furthermore, IPPNY’s Members have invested more than $10 billion in capital improvements at their facilities, have supported nearly 19,000 long-term jobs across the State, and pay approximately $1.5 billion in local property taxes annually.
