FERC Slams New York With Higher Renewable Energy Prices

New Yorkers may have to pay more for electricity from renewable sources after the Federal Energy Regulatory Commissions issued a series of four orders that call for providers of wind, solar, and energy storage—all subsidized—to meet the price floor in the state’s capacity market, the regulator said in a news release. According to FERC, the orders will protect competition in the New York Independent System Operator’s capacity market “by improving the buyer-side market power mitigation rules to send accurate price signals…