It's Electric!!
This is the non-profit entity that acts as a clearing house for suppliers and generators in New York State. It ensures reliability of the grid.
What is the NYISO?
This is the pricing point for Natural Gas futures contracts.
What is Henry Hub?
This serves to maintain reliability of the bulk power system by procuring sufficient resource capability to meet expected maximum energy needs.
What is Installed Capacity (ICAP)?
This is a power plant that is called to produce during times when the grid is experiencing the most stress. They are expensive to run and may only have to be utilized a couple times a year.
What is a Peaking Power Plant?
This is calculated for a consumer based on 100% kWh consumption over peak KW during a billing period.
What is Load Factor?
This reflects the difference between the price of natural gas at Henry Hub and the price at another delivery point elsewhere.
What is the basis?
This type of metered consumer may be able to decrease their capacity obligation for the next year by curtailing during a identified peak event
What is interval metered?
This is the cheapest form of renewable energy to utilize
What is low impact hydro?
This is a charge added to consumers' bills to compensate for the subsidy given to nuclear power plants to keep them running.
What is the ZECs?
In New York State this is a period of time between November and March when natural gas is taken out of storage for use
What is withdrawal season?
This is what capacity charges are based on and measured by for the following year
What is the peak load contribution (PLC)?
This type of power plant bids in at $0 in the bid stack since it needs to be running constantly and is expensive to shut down
What is a nuclear power plant?
The New York Independent System Operator (NYISO) determines this through demand forecasting and generator bidding processes.
This is the delivery point at which the end user uses the natural gas
What is burner tip?
This represents the percentage of ICAP available after a unit's forced outage rate is taken into account.
What is Unforced Capacity (UCAP)?
These plants are being phased out or switching to dual fuel because of their environmental impact.
What are coal plants?
This is a change in the power consumption of an electric utility customer to better match the demand for power with the supply to better stabilize the grid during peak days.
What is Demand Response?
This is a condensed form of Natural Gas for exportation.
What is Liquid Natural Gas (LNG)?
This capacity zone was implemented by FERC May of 2014 to attract new power generation in the area and address supply shortfalls
What is the Lower Hudson Valley Capacity Zone?
This is a 2000 MW Nuclear Plant that shut down this year and was replaced with Natural Gas Generating Plants
What is Indian Point?