NYISO Releases Final Installment of CEO Video Series
RENSSELAER, NY (01/12/2021) (readMedia)-- The New York Independent System Operator (NYISO) today released the final installment of a four-part video series where NYISO President and CEO Rich Dewey describes the important work underway to help the state achieve the mandates of the CLCPA and the exciting changes and challenges that lay ahead for the energy industry.
The final episode features Mr. Dewey's personal story, including his 21-years at the NYISO, and his time as president and CEO.
Episode 1: Planning the Path to the Grid of the Future
New York State mandates a 70% clean energy grid by 2030 and a zero-emission grid by 2040. But how exactly do we move from a grid that relies on fossil fuels to one free of carbon emissions in only 20 years?
New York State's competitive, wholesale electricity markets have existed for more than 20 years, and have helped keep electricity costs down while reducing emissions. These markets provide the best tools to help New York meet its clean energy mandates by driving investments in clean energy and other new technologies, says Dewey. "We believe the markets are the most cost-effective way to get that investment," he says. "We just need to design the products appropriately and properly."
Episode 3: Transmission & New Technologies
Transmission is the backbone of the grid of the future. "The NYS transmission system has not seen much change in the last 30 years," says Dewey. That, he says, will have to change as we transform the way that the grid of the future gets its electricity.
About the New York ISO
The New York Independent System Operator (NYISO) is a not-for-profit corporation responsible for operating the state's bulk electricity grid, administering New York's competitive wholesale electricity markets, conducting comprehensive long-term planning for the state's electric power system, and advancing the technological infrastructure of the electric system serving the Empire State.