The future of New York’s transmission grid is at a crossroads, and there is an opportunity to make strategic, cost-effective investments that will provide numerous benefits for the state over the next several decades, New York Independent System Operator (NYISO) President and CEO Stephen G. Whitley said at Gov. Andrew M. Cuomo’s New York Energy Highway Summit.
“We must decide if we simply replace aging facilities ‘as is’ and continue to operate the system within its current limits, or if we make cost-effective, incremental upgrades and additions to improve statewide reliability,” Whitley said.
In his remarks during the summit’s Setting the Stage for Successful Investment panel, Whitley noted that a robust transmission system is critical for system reliability and that addressing statewide transmission constraints will enhance New York’s competitive wholesale electricity market.
“Today, New York has a statewide surplus of electric energy, but we are limited in our ability to transmit that electricity from areas of surplus to areas of need,” Whitley said. “The congested transmission system has led to significant price disparity for wholesale electricity across the state, hinders the ability of generation owners in the northern and western parts of the state to sell their power to areas of need during peak-demand periods, limits the growth of renewable resources and frustrates our ability to fully realize the advantages of the diverse generation options we have in New York.”
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