NYISO now predicts declining load growth over the next 10 years, where economic growth is offset by #EnergyEfficiency and BTM #RenewableEnergyhttps://af.reuters.com/article/commoditiesNews/idAFL1N1SA1MV …
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You could definitely argue this will happen in NYISO's forecast horizon of 10 years, but I suspect NYISO will wait to see specific policies, regulatory mechanisms or observed market behavior that indicates at step change in electrification
NY State Carbon Reduction (40x30, 80x50) and Energy Efficiency goals can only be achieved via Beneficial Electrification. NYISO should be planning how to make those policies succeed, not waiting for others to do the work. We will need much more electricity!
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True. From what I've seen, NYISO has advocated for NY to enforce the decarbonization goals with a carbon tax, but the study they commissioned only looked at 2025, and was confined to the wholesale market, not the full economy.
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NYISO proposes Carbon tax only on electricity. That will raise retail cost of electricity, relative to retail cost of fossil fuels, and thus discourage Beneficial Electrification by making it more expensive.
End of conversation
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