Description

NYISO offers a Demand-Side Ancillary Services Program (DSASP), through which loads can provide 10- and 30-minute non-spinning operating reserves. To participate, registered demand-side resources submit availability bids to the day-ahead market. If these bids are accepted, the demand-side customer is paid the market clearing price for that level of reserves (e.g., 10- or 30-minute). In return, the customer must comply with load reduction signals from NYISO. If the resource is asked to actually reduce demand in real time, it will also be paid the real-time market price for energy. If the customer changes its operating reserve offer in real time, the difference between this and the day-ahead reserve amount is financially settled at the real-time operating reserve price.