Louisville, KY (PRWEB) September 05, 2013
Genscape’s newly released 2013 NYISO Fall Outlook reports long term transmission outages will compound recent coal-fired generation retirements to drive bullish price anomalies this fall.
The retirement of 500 MW of coal-fired generation in western New York has had a strong bullish impact on prices in the west of the state, helping to drive multiple record high daily clears in West Zone. Upside congestion that is resulting from the retirements is expected to persist through the fall, according to Genscape analysts.
Genscape reports that beginning in October, line work on a large, high voltage transmission line between New Jersey and New York, will shift dynamics between PJM and NY, likely driving exports to PJM. “Barring a major weather event, generator and transmission availability will be the main drivers for fall prices, not demand,” says Matt Oatway, Senior Analyst on the NYISO desk. Genscape’s NYISO analysts plan to monitor this outage and report updates via live webinars and real time updates to clients as the outage approaches.
In recapping what happened this past summer, the study finds the following:
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Join Nick Zieja, Regional Director of NYISO and Senior Analyst Matt Oatway on Wednesday, September 11 at 1:45 EDT for a live, complimentary webinar and question and answer session featuring Genscape’s 2013 NYISO Fall Outlook. Registration for the upcoming webinar is available at info.genscape.com/NYISO-2013-fall-outlook-press.
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities flow and utilization for all major energy commodities. The product range includes the well-known real-time services for power and gas in North America and Europe. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Genscape is committed to enhancing the market activities of our clients through access to superior fundamental data and market intelligence. http://www.Genscape.com
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