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.
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:
Input Startand Enddates for the month (ex. 01/01/2021 - 01/31/2021)
Select LatestforVersion
SelectCSV (comma separated values) for Format
Then click the Generate Report button to generate a report.
Calculate the Reference Energy Price by averaging the hourly LBMPs from the generated report.
Part 2: Reference UCAP Price for Zone
Click learn more... to open and follow the steps to determine the Reference UCAP Price for Zonefrom NYISO. The NYSERDA Agreement will specify the Zone to be used.
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.
Table 1: NYSERDA Agreement Applicable Zone and NYISO Monthly Auction Summary Results
NYSERDA Agreement Applicable Zone
NYISO Monthly Auction Summary Results for UCAP
Zone A-F
NYCA - The NYCA Auction Result is used for Zones A-F because this output is the Market Clearing Price for Rest of State (ROS). The last entry in the Auction Results (ROS Price Paid by Bidders) is the weighted average of ROS, HQ, IESO, NE, and PJM Market Clearing Prices. These definitions are stated in the ICAP Automated Market System User's Guide