The electric industry is in transition. Technological innovation and increasing competitiveness of renewable energy resources, combined with aging infrastructure, extreme weather events, and system security and resiliency needs, are all leading to significant changes in how electricity is generated, distributed, managed and consumed. New York State must lead the way to ensure these trends benefit consumers, whose lives are so directly affected by how they procure energy.
The availability of reliable, resilient, and affordable electric service is critical to the welfare of citizenry and is essential to New York‚Äôs economy. To ensure continuing economic growth and prosperity for New York, Governor Andrew M. Cuomo laid out an ambitious energy agenda for the State in 2015, with the Public Service Commission (PSC) playing an important role in crafting the significant regulatory changes needed to make the Governor‚Äôs agenda a reality.
Under Governor Cuomo‚Äôs ‚ÄúReforming the Energy Vision‚ÄĚ (REV) strategy, New York is actively spurring clean energy innovation, bringing new investments into the State and improving consumer choice and affordability. In its role, the PSC is aligning markets and the regulatory landscape with the overarching state policy objectives of giving all customers new opportunities for energy savings, local power generation, and enhanced reliability to provide safe, clean, and affordable electric service.
The REV initiative will lead to regulatory changes that promote more efficient use of energy, deeper penetration of renewable energy resources such as wind and solar, wider deployment of ‚Äúdistributed‚ÄĚ energy resources, such as micro grids, roof-top solar and other on-site power supplies, and storage. It will also promote markets to achieve greater use of advanced energy management products to enhance demand elasticity and efficiencies. These changes, in turn, will empower customers by allowing them more choice in how they manage and consume electric energy.
Department of Public Service Staff has issued for comment a White Paper on Clean Energy Standard (CES) designed to meet Governor Cuomo‚Äôs directive that DPS develop a clean energy standard to ensure achievement of the State Energy Plan‚Äôs clean energy goals. The Commission is expected to make a decision on the CES this summer. The White Paper is viewable here.
The Commission will consider changes in current regulatory, tariff, and market designs and incentive structures to better align utility interests with achieving the Commission‚Äôs policy objectives. The White Paper on Ratemaking and Utility Business Models was filed on July 28, 2015 and is viewable here.
ABOUT THE INITIATIVE updated: 01/28/2016 03:52:16 PM