The Race for Renewables: Incentive Outlook in NYISO and ISO-NE

Despite NYISO and ISO-NE’s relatively low renewables penetration to date (~30% and ~20% respectively) and challenges bringing new projects online, states in both regions have set ambitious Renewable Portfolio Standards, incl. New York targeting 100% by 2040 and Massachusetts targeting 60% by 2050. The shift to bilateral contracts via indexed RECs in NYISO and the multi-state offtake system in ISO-NE creates complexity in forecasting expected revenues for renewable generators. This comes against the backdrop of an impending shift to winter peaking schedules, an aging baseload fleet, and regional land constraints.

During this session, we will present analysis and facilitate debate around the following questions:

• How do we expect prices of RECs to evolve? How much can this forecast change with increased or slowed build?
• How do state-level incentive programs impact the pace of renewable buildout? Will states meet their ambitious targets?
• Do we expect the generation mix to evolve given reliability requirements?

If you would like to register for this session, please reach out to Adelaine Bhattacharjee.