Installed Capacity (ICAP)
The New York Installed Capacity (ICAP) market is based on the obligation placed on load serving entities (LSEs) to procure ICAP to meet minimum requirements. The requirements are determined by each LSE by forecasting the contribution to its transmission district peak load, plus an additional amount to cover the Installed Reserve Margin. The amount of capacity that each supplying resource is qualified to provide to the New York Control Area (NYCA) is determined by an Unforced Capacity (UCAP) methodology. NYISO ICAP auctions are designed to accommodate LSEs and suppliers’ efforts to enter into UCAP transactions. They are open to all registered NYISO customers.
