Full Title: New York State Capacity Market Review
Author(s): Laurence D. Kirsch and Mathew J. Morey
Publisher(s): Christensen Associates Energy Consulting LLC
Publication Date: September 1, 2012
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Description (excerpt):
New York State’s electricity sector restructuring of the late 1990s included divestiture by the State’s electric utilities of their generating assets, establishment of the New York Independent System Operator (NYISO), and creation of competitive retail markets. To shed light on the success of the existing structure, this report examines the types and quantities of investment in generation capacity in New York State since 1999, with a focus on the motivations for that investment. In particular, it examines the relative extent to which the market for bilateral contracts and the role of self-owned generation, as supplemented by the NYISO’s voluntary installed capacity (ICAP) market, have worked together to meet New York’s resource adequacy requirements over the period 2000 to 2012.