Remove barriers to more efficient power generation and increased renewable power production
In-city power generation facilities are aging—76 percent of the facilities are over 40 years old. Replacing older generators represents a significant opportunity to increase efficiency, reduce GHG emissions, improve air quality, and maintain high levels of reliability and resiliency. However, current market rules do not value such externalities. We must work with the New York Independent System Operator (NYISO, manager of the bulk power system), regulators, and suppliers to change the market rules to value these bene ts and provide incentives for newer, cleaner generators. The City will work with other market participants, NYISO, and State and Federal regulators to eliminate the barriers to entry that now exist.