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Will FERC's BSM orders inhibit renewable and battery development in New York?

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Will FERC's BSM orders inhibit renewable and battery development in New York?
By Ananya Chaurey and George Katsigiannakis
Ananya Chaurey
Senior Consultant, Energy Markets
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George Katsigiannakis
Vice President, Energy Power Markets
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Jun 23, 2020
1 MIN. READ

On February 20, 2020, the Federal Energy Regulatory Commission (FERC) issued four orders regarding the mitigation of renewable resources in New York City (NYC) and the Lower Hudson Valley (LHV). 

Our experts explain the deleterious effects these orders could have for battery projects in these two regions. Download this paper to learn about the transformative changes coming to these two wholesale markets in the near future, along with:

  • How the orders address the artificial suppression of market prices.
  • Proposed exemption caps for New York’s clean energy targets.
  • ICF’s indicative capacity price forecast for NYC and LHV.

 

Go to ICF
Meet the authors
  1. Ananya Chaurey, Senior Consultant, Energy Markets
  2. George Katsigiannakis, Vice President, Energy Power Markets

    George is an expert in U.S. electricity markets with a deep understanding of all factors affecting U.S. wholesale electric markets including market design, environmental regulations, fuel markets, transmission, renewable, energy efficiency, and demand side management. View bio

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