To read the full article in SNL Financial, click here.
PA's Ethan Paterno, an energy markets expert, is quoted in an article in SNL Financial. The article provides insight on New York ISO capacity auction prices.
Commenting on this topic, Ethan states: “Overall, we see the following changes: in G-J, the higher demand curve and higher [locational capacity requirement] value uplifting pricing, which more than offset the lower load forecast. However, in Zone J [New York City] the lower load forecast is only partially offset by the impact of the higher LCR value (81.5%, from 80.5% last year).”
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Ethan concludes: “Clearing prices in the rest-of-state, or RoS, region, are likely to come in around $5.15/kW-month in the 2017 summer strip auction, compared to a price of $3.62/kW-month in the 2016 auction.”