Understanding the impact of the Inflation Reduction Act on NYISO prices
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The Inflation Reduction Act (IRA) has been groundbreaking in its support of clean energy development across the U.S., providing incentives and stackable bonuses for investors and developers. It is estimated that the IRA will drive over $300 billion in investments and domestic energy production and manufacturing.
However, there are important caveats to be aware of as projects are being planned. In states like New York, appreciable gains from renewable energy projects will be more difficult to attain. Read this paper to learn:
- Why the majority of New York’s projects will only see minimal impacts.
- Which developers stand to see the most benefits from the IRA.
- What conditions and challenges may lie ahead for developers and investors.
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