Here’s the upshot: New York’s energy supply is dropping, but the demand for energy growing. At the same time, the state’s energy infrastructure is among the oldest in the nation and will soon need to be replaced.
That’s according to the New York Independent System Operator, whose job it is to ensure the state’s energy grid is reliable.
The NYISO acts as both an air traffic controller for energy as well as a stock exchange where all kinds of providers compete to sell their wares.
Demand is growing because there are a bunch of “large load projects” trying to come on line, including advanced manufacturing and data centers. There is more than 14,000 megawatts of requested electricity from these large load projects in the NYISO’s interconnection “queue” — all of it waiting to “plug” into the state’s energy grid.
Much of this is laid out in the NYISO’s annual Power Trends report which was published last week.
NYISO President and CEO Rich Dewey discussed New York’s energy landscape with Capital Tonight host Susan Arbetter.
