About the Initiative
The energy 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 electric energy is produced, managed and consumed. New York State must lead the way to ensure these trends benefit the State’s citizens, whose lives are so directly affected by how electric energy is manufactured, distributed, and managed.
To meet this challenge, the Commission commenced its Reforming the Energy Vision (REV) initiative to reform New York State’s energy industry and regulatory practices. This 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 “distributed” energy resources, such as micro grids, on-site power supplies, and storage. It will also promote 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 mange and consume electric energy.
The Commission has identified six core policy outcomes relating to customer knowledge, market animation, system-wide efficiency, fuels and resource diversity, system reliability and resiliency, and carbon reduction. A Staff Report and Proposal sets forth a vision for how to accomplish the Commission’s objectives. The proposal describes how customer-side resources can become a primary tool in the planning and operation of the utility system, which will improve system efficiency and enable the deployment of cleaner and more resilient technologies. The Report further explains how reforms in the utility ratemaking process will be necessary, to provide the correct incentives for utilities and markets to develop a cleaner and more efficient electric system.
- A public proceeding will examine and evaluate regulatory reforms that would be implemented to shape the roles and responsibilities of the regulated utilities and retail markets. The case will proceed on two tracks:
- First track involves a collaborative process to examine the role of distribution utilities in enabling market-based deployment of distributed energy resources to promote load management and greater system efficiency, including peak load reductions.
- Second track, undertaken in parallel with the first stage, but on a later timeline, would examine changes in current regulatory, tariff, and market designs and incentive structures to better align utility interests with achieving the Commission’s policy objectives.
The Commission expects a status report on the first track of REV by mid-2014, and on the second track by September. A policy decision on the first track is expected by December 2014; the second track is to be decided in the first quarter of 2015. Following these policy decisions, implementation by individual utilities will begin in separate proceedings.
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Technical Conference Meetings
- July 10, 2014 - Technical Conference 9:00 A.M. Meeting Room 6, Concourse, Empire State Plaza, Albany - Agenda - Webcast
- July 10, 2014 - Working Group Presentations
- May 22, 2014 - Symposium Presentations
- May 22, 2014 - Symposium Webcast
- May 20, 2014 - "An Energy Agenda for the Future" Symposium on May 22, 2014 -- Agenda and Directions. Map
- May 12, 2014 - REV Collaborative Meeting Presentation
- April 25, 2014 - Notice of May 22, 2014 Symposium on Reforming the Energy Vision
- April 25, 2014 - Notice of May 12, 2014 Collaborative Meeting
- June 4, 2014 - Ruling Posing Questions on Selected Policy Issues and Potential Outcomes, Establishing Comment Process, and Revising Schedule
- May 30, 2014 - Letter Ruling Track 1 Collaborative
- May 9, 2014 - Letter Ruling on Process for First Collaborative Meeting
- May 1, 2014 - Ruling Issuing Track 2 Questions and Establishing a Response Schedule
- May 1, 2014 - Ruling Establishing Collaborative Agenda and Working Schedule
- April 25, 2014 - Order Instituting Proceeding
- DPS Staff Report and Proposal
- Working Groups
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