Insight
Quack, quack, quack: A duck curve emerges in New York
Report summary
Explosive growth in distributed solar has created New York’s first duck curve and begun to change the NYISO market in meaningful ways. Distributed solar has shifted the timing of peak load, ramping patterns and daytime wholesale energy prices. With continued solar growth to support NY’s clean energy goals, these effects will become more pronounced and dramatically change distributed solar’s grid value. Under the state’s Value of Distributed Energy Resources (VDER) scheme, distributed solar compensation is tied to wholesale value. However, VDER is based on today’s grid, not the future grid where reliability risk will be focused outside of daylight hours and in winter months. Of the components of the VDER value stack, the energy component will closely track changing grid value (and incentivize hybridization), but other components – such as the capacity component – will not and may even offer counterincentives to the energy component.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
Blue Atlantic Pipeline
It is anticipated that the Blue Atlantic Transmission System will transport natural gas from offshore Nova Scotia to markets in Eastern ...
$2,150
Commodity Market Report
Global products market weekly: Middle distillates continue to slide as inflationary concerns persist
Weekly review of global refining margins across NW Europe, the Med, US Gulf Coast, New York Harbour, Singapore and the Middle East Gulf.
$1,050
Commodity Market Report
North America gas short-term outlook: Henry Hub generates support while Waha falls into an abyss
Can prices rebound to $3/mmbtu by the start of winter?
$2,000