New York state's electricity reserves are shrinking, grid operator says

By Laila Kearney

NEW ‌YORK, June 9 (Reuters) - ​Electricity ​supplies in New York have shrunk over the last five years, leaving one of the ‌most populous U.S. states at risk of falling ⁠short of the energy needed to power homes and businesses on ‌the hottest and coldest ‌days of the year, the state grid operator said on Tuesday.

• The retirement of fossil fuel-fired power plants ​in New York has outpaced the addition of comparable new electricity generation, resulting in a 1.5 gigawatt ⁠net decline in supplies since 2019, the NYISO said in an annual report.

• ​Rising power demand from the electrification of buildings and transportation, as well as the construction ​of very large industrial energy ‌users, is intensifying the supply-and-demand crunch, it said.

• That disparity is becoming a particular concern ⁠in the winter, with more buildings relying on electrical heat systems and when natural gas-fired power systems are more prone ⁠to freezing, NYISO said.

• Prolonged cold spells over the past two ​years have reduced electricity supplies to razor-thin margins and "pushed the system near its limits, requiring frequent emergency actions," NYISO said.

• "Winter conditions ‌are emerging as one of the most significant reliability challenges facing New York’s electric system," ‌said NYISO, which also said that adding supplies of ⁠both renewable and fossil-fired ‌power plants would ​be needed to increase the grid's reliability.

(Reporting by Laila Kearney in New York; Editing by Will ‌Dunham)

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