This page provides an overview of the REC Index pricing structure and inputs for calculations using data from the NYSERDA Agreement, NYISO, and NYGATS.
Click learn more... below to open and follow the steps to generate the Reference Energy Price for Zone report from NYISO. The Reference Energy Price is the simple average of the hourly zonal LBMPs for the applicable month.
NYISO Custom Report
(click) or enter the following URL in your browser: https://www.nyiso.com/custom-reports?report=dam_lbmp_zonal (also accessible by navigating to the NYISO homepage > Markets > Energy Market & Operational Data > Custom Reports).
Within the Custom Report page, select Day Ahead Market/LBMP and Zonal from the Select Report drop-downs.
Next, select the applicable zone(s) under the Choose Zone(s) section.
Under Choose Options:
Then click the Generate Report button to generate a report.
Calculate the Reference Energy Price by averaging the hourly LBMPs from the generated report.
Click learn more... to open and follow the steps to determine the Reference UCAP Price for Zone from NYISO. The NYSERDA Agreement will specify the Zone to be used.
NYISO Monthly Auction Summary
(click) or enter the following URL into your browser: http://icap.nyiso.com/ucap/public/auc_view_monthly_detail.do (also accessible by navigating to the NYISO homepage > Markets > Installed Capacity Data > Monthly Auction Summary).
Select the applicable Season and Auction month/Year from the drop-down, then click the Display button (e.g., for May 2022 Settlement, select Season: Summer 2022 and Auction Month/Year: May/2022).
The Reference UCAP Price is the Price ($/kW-Month) for the applicable project location.