VIDEO: Power Trends 2020: Executive Briefing
Our Power Trends 2020 report explores how the New York ISO is developing and implementing the market design and planning process enhancements needed to address energy issues such as state clean energy mandates, the growth of intermittent renewable resources, and the unprecedented impacts of COVID-19.
This 30-minute video presentation summarizing the full report features NYISO President and CEO Rich Dewey and Executive Vice President Emilie Nelson describing the state of the grid and our vision for the grid of the future. We have provided video timestamps and summaries below to assist with navigating to specific segments.
Intro to Power Trends (0:41)
- The impacts of COVID-19 on the people of New York and how the energy industry is responding
- Our mission of serving the public interest by maintaining grid reliability, operating fair and competitive electricity markets, planning for the future, and providing independent, factual information for policymakers, stakeholders and investors
- Key challenges, trends and opportunities associated with maintaining reliability and leading the change towards a greener grid
Key Trends (2:19)
- New technologies such as storage and solar entering the market
- Distributed energy resources are changing how energy is produced and consumed
- Impact of public policies on renewable energy supply growth and transmission infrastructure expansion
- Economic influences led by low natural gas prices and reduced electricity demand associated with COVID-19 crisis
- Bolstering grid resilience through effective operations, market design features, and planning
State of the Grid (7:14)
- The “Tale of Two Grids,” and how we are seeking to move more clean energy from upstate New York, where most renewable supply is located, to southeastern New York, where most electricity is consumed
- Seasonal electricity demand patterns
- How resource adequacy helps us meet peak demand, and how electrification is expected to alter electricity usage patterns
- Impacts of intermittent renewable resources on the grid, including integration of solar and wind power; and the growth of energy storage
Public Policy & the Grid (20:28)
- Public policies, including the Climate Leadership and Community Protection Act (CLCPA), influence the mix of supply resources in the state
- How the fuels that power the grid differ between upstate and downstate
A Grid in Transition (24:38)
- How carbon pricing encourages investment in low-carbon and renewable resources
- The role of technology and innovation in meeting New York’s clean energy mandates
- Transmission upgrades taking place to better deliver electric energy from renewable resources to where demand levels are highest
Learn More
Get the report, review supporting material and download figured and graphics on the Power Trends 2020: A Vision for a Greener Grid webpage.
