Recent New York ISO actions in response to the COVID-19 (Coronavirus) outbreak
LAST UPDATED | Thursday, April 2, 2020 at 9:45 am EDT
The NYISO is observing daily peak loads trending about 4% lower than typical for this time of year. Our original analysis for the week ending March 20th found the decline in daily energy use was around 2-3%. For the week ending March 27th, the decline in daily energy use was estimated at between 4-5%.
We continue to observe a more gradual morning ramping period, with NYCA-wide declines of as much as 9% between 6 and 10 AM. The ramping period declines are more pronounced in New York City and on Long Island, where they are at or near 11% during that timeframe. New York City load is also lagging historic patterns throughout the day, primarily driven by a reduction in commercial use.
Our forecast team continues to analyze this data to inform our forecasts going forward.
UPDATE | Wednesday, March 25, 2020 at 4:15 pm EDT
The NYISO is observing daily peak loads trending about 2% lower than typical for this time of year. Overall, daily usage levels across the state are trending downward, between 2-3%, over the past two weeks.
We have also observed a later and more gradual morning ramping period, resulting in demand about 6-9% lower between 6 and 10 AM. Traditionally, we see a rapid increase in demand during this period as homes and business begin daily activities.
Our forecast team is analyzing this data to inform our forecasts going forward. For more information, read our blog.
UPDATE | Friday, March 20, 2020 at 2:45 pm EDT
Our priorities are the health and safety of our employees and reliability of New York’s electric system. We continue to take necessary precautions as outlined in our Pandemic Response and business continuity plans to reduce possible risks from COVID-19.
New York power grid operations and wholesale electricity markets remain fully operational.
We will continue to monitor information from the state and federal governments and work closely with state and local health department officials as the situation evolves in the days and weeks ahead.
We have taken the following actions to maintain critical business operations and protect the health and well-being of our employees and stakeholders.
- We have implemented a work-from-home schedule to reduce employee exposure to the virus while maintaining business operations.
- Stakeholder meetings will be conducted via teleconference for the foreseeable future.
- Internal meetings will be conducted via teleconference, and in-person meetings reduced to essential only and will follow social distancing protocols.
- All business travel has been suspended.
- Outside visitors are restricted to those critical to ensuring business continuity.
- Individual employee health is being monitored on a daily basis.
- Additional protocols for office sanitation, social distancing, hand washing and other CDC protocols are being followed.