To read the full article in S&P Global Platts, click here.
PA energy markets experts, Ethan Paterno and Trevor McManamon, are quoted in S&P Global Platts regarding New York City Zone J capacity prices.
Commenting on this topic, Ethan and Trevor state: “We expect prices to increase at a slightly more accelerated rate over the next few years, particularly in the summer and primarily driven by load growth.”
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Ethan and Trevor continue: “The ZEC program will not have direct impact on Zone J capacity prices – since the nuclear plants considered in the program are all in upstate New York.”
Ethan and Trevor conclude: “However, without the ZEC program we would have expected both Ginna and Fitzpatrick to retire by 2019 – which would have removed 1,500 MW from the overall market. The reduction in installed capacity would have led to higher capacity prices for the rest-of-state, all else equal.”