trending Market Intelligence /marketintelligence/en/news-insights/trending/nn5SlNVp8Igg2vX1Lu-m5A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

New York draws up carbon pricing game plan

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

New York draws up carbon pricing game plan

The New York ISO and New York state government plan to present a carbon dioxide pricing proposal by December 2018, according to a draft work plan released by the grid operator on Dec. 27. The plan highlights timelines for New York to include carbon pricing in wholesale energy markets to help achieve the state's climate and energy policies "while providing the greatest benefits at the least cost to consumers and appropriate price signals to incentivize investment and maintain grid reliability."

Among the key questions to be considered with stakeholders in 2018 are how to price carbon into wholesale markets; how to measure leakage and emissions rates for generators; how to allocate carbon revenues; how carbon pricing would affect the ISO capacity market and other grid operator functions; and how a price on carbon would interact with other clean energy and climate policies and programs, including renewable energy and zero-emissions credits, as well as the nine-state Regional Greenhouse Gas Initiative.

Discussions on how New York’s carbon pricing proposal could be coordinated with other state and regional clean-energy programs are scheduled to begin in March, with recommendations to be delivered by the end of October. New York’s clean energy standard requires 50% of the state’s electricity come from renewable energy sources by 2030. The state is also studying whether it could move to 100% clean energy. The main questions in the draft document relate to potential impacts on the regional emissions trading market, as well as the state’s renewable energy credits and controversial zero-emission credits, which are designed to support nuclear facilities.

As a first step, ISO and state government staff plan to post a preliminary proposal in March, informed by discussions with stakeholders, that will detail any additional analysis needed for the full proposal. Alternatively, they may instead present a detailed schedule by the end of December 2018, targeting a firm proposal date in early 2019, unless they conclude "a viable proposal is not achievable."

An August study from The Brattle Group, conducted for the ISO, found that including a carbon price in the state's wholesale power market would benefit producers more than consumers, but would not significantly raise consumer costs.