The NYC reference capacity price fell to $2.62/kW-month in July, less than half its June level, as CHPE came online

Reference Capacity Price for a 4-hour battery ($/kW-month)
NYC
Long Island
Rest of State
Source: NYISO, Modo Energy
Note: RCP is the UCAP price multiplied by the capacity accreditation factor, divided by four. July 2026 uses the 2026-27 CHPE-In factors; May and June use CHPE-Out.
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MODOENERGY