BOULDER, Colorado, May 22, 2024: Ascend Analytics Market Intelligence Forecasts analyze the key drivers of the energy transition and provide customers with optimal asset performance in the short and long term. NYISO Market Forecast Report 4.2 highlights that while New York has set aggressive climate policies for 2040, the ISO faces a fundamental shift in supply motivated by increasing renewables, thermal retirements, and an electrification-induced increased load.  

Offshore wind supports clean energy mandates, but renewable resource constraints and the restrictive regulatory environment limit low-cost supply options to meet energy demand. As developers and financiers in the region navigate long-duration, flexible generation asset development opportunities, understanding NYISO’s market trajectory is critical to support financing decisions.  

Topics in Ascend’s NYISO Market Forecast and Report 4.2b include:

• Price forecasts report for energy, ancillary, capacity, REC, and carbon markets in NYISO.  

• New York’s Climate Leadership and Community Protection Act compliance considerations and its impact on the supply mix and price shapes for solar and wind deployments.

• Challenges in meeting reliability standards with rising load and peak demand, shifts to winter peaks, and the change in the supply mix.        

• Geospatial dynamics that will prevail and evolve, explaining the differences in decarbonizing upstate and downstate.  

 About Ascend Analytics  

AscendMI™ (Ascend Market Intelligence) delivers proprietary power market forecasts that have been trusted in hundreds of projects and resource planning activities, supporting over $25 billion in project financing assessments. Contact us to learn more.  

For more information about the NYISO market dynamics, watch Ascend’s NYISO and ISO-NE Forecast Preview Webinar: On Again Off (Shore) Again Relationships, here.  

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Ascend Analytics is the leading provider of market intelligence and analytics solutions for the energy transition. The company’s offerings enable decision makers in power supply, procurement, and investment markets to plan, operate, monetize, and manage risk across any energy asset portfolio. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.