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NYISO Introduces New Collateral Option for All ESCOs

The New York Independent System Operator (NYISO) recently (We don't have an exact date yet, but we are waiting to hear back from NYISO) introduced a new form of financial assurance to satisfy energy service companies’ (ESCO) collateral requirements.

09 / 24 / 2018 Power Justin Kotwicki, Analyst

The New York Independent System Operator (NYISO) recently introduced a new form of financial assurance to satisfy energy service companies’ (ESCO) collateral requirements. All ESCOs are presently required to maintain $200,000 of collateral in order to operate in NYISO's territory. With this change, ESCOs will no longer be limited to posting cash or letters of credit. Please feel free to contact us for more information on this cost-saving alternative and to learn how GP Energy Management can help you optimize capital allocations, mitigate market risk and maintain a culture of compliance.