“New York’s grid operator is hoping a highly-anticipated carbon pricing conference will convince federal regulators that carbon pricing is the most efficient way for the wholesale power markets to support state decarbonization goals.
In response to increasingly aggressive state decarbonization objectives, “the markets are going to need to change” if they want to be a part of that transition, the New York Independent System Operator’s (NYISO) President and CEO Richard Dewey told reporters Monday.
NYISO is the only wholesale market to have a carbon pricing plan in the works, and is still awaiting New York’s approval before it can move forward, though a survey released Monday found increased state support for the mechanism.”
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Moorehouse, Catherine. Utility Dive 29 September 2020.