Good Energy is pleased to announce that its application to become a customer of the New York Independent System Operator, (NYISO), has been approved.
Good Energy is now able to participate in the NYISO's wholesale electricity market by making special case resource (SCR) offers to satisfy installed capacity (ICAP) requirements of other market participants.
This means Good Energy can collect money from the NYISO by acting as a responsible interface party (RIP) on behalf of certain electricity consumers in the NYISO control area. In return for Good Energy's administrative services as RIP, Good Energy will retain a portion of the collected monies, and pass the balance on to the eligible electricity consumers that contract with Good Energy to participate in this program.
Eligible electricity consumers include those of a certain minimum size that either have the ability to curtail load, (shut down operations), or activate a secondary source of power, (emergency generator), for a period of time upon advance notice from Good Energy. Additionally, to qualify for this program, an electricity consumer must install specialized metering equipment, as well as perform and pass a Dependable Minimum Net Capability (DMNC) test to demonstrate the actual load reduction capability through curtailment or the operation of on-site electricity generation equipment.
The payments from the NYISO can be substantial, and are set by market conditions. The payments might amount to $10,000 per 100kW of available load reduction, regardless of whether or not a qualifying electricity consumer is instructed to curtail their load or activate their on-site generator. There is also payment made for the amount of electricity generated or curtailed during periods of demand response.
Commercial and industrial energy consumers in qualifying NYISO control areas with curtailment ability or emergency generation capability should contact Good Energy for more information, and to schedule a site visit to determine eligibility.