MEDIA ADVISORY: 2018 Power Trends Report

MEDIA ADVISORY (04/30/2018) (readMedia)-- NYISO Briefing on New York Energy Policy and Trends

At 1:00 p.m. on Thursday, May 3, the New York Independent System Operator (NYISO) will hold a media briefing to discuss Power Trends 2018, the organization's annual report on the policies and trends affecting New York's dynamic power grid. Power Trends 2018 provides information and analysis on the technologies, economic forces and public policies that are working to transform the power grid and wholesale electricity market, including:

• Consumer Expectations: The advancement of new and disruptive technologies continues to push the boundaries of what consumers expect from the grid.

• Changing Energy Usage: Distributed Energy Resources (DERs), energy efficiency and the growth of renewables are all transforming the ways people use energy. Energy usage from New York's bulk electric system is expected to decline over the next decade at a rate of 0.14% per year, reversing a trend of demand growth that existed for years.

• Increased Grid Complexity: While demand has diminished, planning and operating the grid has become more complex. The NYISO is working with policymakers and market participants to manage these changes, including developing a Distributed Energy Resource Roadmap to guide efforts to integrate distributed resources into wholesale electricity markets over the next three to five years.

• Public Policy: Wholesale energy markets reflect the confluence of economics, technology, and public policy. The addition of renewable resources expected from the Clean Energy Standard, for example, will create a more dynamic grid where supply is heavily influenced by weather. This necessitates an examination of the incentives for flexible resources which are needed to balance intermittent renewables.

• New Generating Supply: Since 2000, nearly 12,000 MW of new generating capacity came online in New York State. Nearly 80% of that new generation has been developed in southern and eastern New York, where power demand is greatest. Nevertheless, market design, planning processes, and operational tools will need to continue to advance to address the changing resource base on the grid that state policies are designed to induce.

• Transmission Expansion: The characteristics of the electric grid in upstate New York differ dramatically from downstate New York. Building transmission to bring cleaner energy to downstate remains an imperative to ensure New York meets in clean energy goals.

Media Briefing on 2018 Power Trends

May 3rd, 1:00 p.m. EDT via teleconference

Link for WebEx Web Conferencing

Dial In: 1-866-280-1753

Conference code: 4432598982

Spokesperson

NYISO Executive Vice President Richard Dewey. Mr. Dewey leads the System Planning, Information Technology and Market Structures organizations in proactively addressing the evolving challenges of the industry.

About the NYISO

The NYISO is the not-for-profit corporation responsible for operating New York's bulk electricity grid, administering New York's competitive wholesale electricity markets, conducting comprehensive long-term planning for the Empire State's electric power system, and advancing the technological infrastructure of the grid. The NYISO works with more than 400 market participants, state and federal policymakers, and a large number of stakeholders every day to ensure it can meet the energy needs of New Yorkers – reliably and efficiently.