IEEE Power & Energy Magazine - May/June 2016 - 20
Key Proceedings in REV
Clean Energy Standard-Large Scale Renewables
expected to attract and leverage third-party capital (as
much as US$29 billion over the next ten years) to support
The 2015 New York State Energy Plan established a goal of ob-
the governor's aggressive CES.
taining 50% of all electricity used in the state from renewable
Administered by the New York State Energy Research
energy resources by 2030 (the 50 by 30 goal). In December 2015,
and Development Authority, the Clean Energy Fund will ad-
Governor Andrew Cuomo directed the Department of Public
vance solar, wind, energy efficiency, and other clean tech
Service (DPS) to develop a clean energy standard (CES) that con-
industries to spur economic development and reduce harm-
verts the State Energy Plan target to an enforceable mandate.
ful emissions, building on the progress New York is already
While various elements of the REV strategy will support
the state's progress, including overhauled utility regulations
will operate four major portfolios.
and the US$5 billion Clean Energy Fund (more below), the
* Market Development (US$2.7 billion): The New York State
CES will serve as a foundation to ensure the achievement of
Energy Research and Development Authority will under-
New York's ambitious goals. In addition, the governor direct-
take a variety of activities to stimulate consumer demand
ed the DPS to develop new financial mechanisms for licensed,
for clean energy alternatives, energy efficiency while help-
but financially distressed, upstate nuclear power plants so as
ing to build clean energy supply chains to meet that grow-
to prevent backsliding in our greenhouse gas emissions re-
ing customer demand. At least US$234.5 million must be
ductions. This interim solution will help during the state's
invested in initiatives that benefit low-to-moderate-in-
transition to greater levels of renewable resources.
come New Yorkers during the first three years of the fund.
After consulting best practices of renewable standard pro-
* NY-Sun (US$961 million): The fund finalizes the funding
grams across the country, with an emphasis on neighboring
and confirms the long-term commitment for NY-Sun and
states that will have a strong effect on New York markets for re-
for the growing solar electric market and industry in New
newable resources, the staff of the DPS recently issued a white
York state by supporting rapid and continued cost reduc-
paper that proposes regulatory and other actions necessary to
tion. This will continue to make solar energy more afford-
the CES mandate of "50 by 30."
able and accessible for residential and commercial solar
This white paper addresses four principal CES policy
1) Increase renewable electricity supply to achieve the
50 by 30 goal.
2) Support construction of new renewable generation in
New York state.
customers and will drive the growth of the solar industry
in New York, which currently employs more than 7,000
people across 538 solar companies in the state.
* NY Green Bank (US$782 million): To leverage private
sector investment, expand the availability of capital, and
increase confidence in lending for clean energy projects,
3) Prevent premature closure of upstate nuclear facilities.
the fund will complete the capitalization of the innova-
4) Promote the progress of REV market objectives.
tive NY Green Bank. The fund will increase NY Green
Following a public participation process, the commission
Bank's total investment to US$1 billion and will leverage
is expected to take up the clean energy standard in June.
an estimated US$8 billion in private investment.
Written comments on the staff white paper may be submit-
* Innovation and Research (US$717 million): As New York
ted to the Public Service Commission by 14 March and reply
State moves to a cleaner, more efficient, and more widely
comments by 28 March with e-filing through the DPS docu-
distributed energy system, the Clean Energy Fund will
ment and matter management system at www.dps.ny.gov/e-
help spur innovations through research and technology
file/registration.html; by e-mail to the commission secretary
development that will drive clean-tech business growth
at firstname.lastname@example.org; and hand delivery to the Hon.
and job creation while providing more energy choices to
Kathleen H. Burgess, secretary, Three Empire Plaza, Albany,
residential and business customers.
New York 12223-1350.
making in developing a robust clean-tech sector. The fund
Value of D-Net Metering (Cases 14-M-0101, 15-E-0407)
Clean Energy Fund (14-M-0094)
One of the goals of REV is to reduce the need for (and great-
The commission recently approved a ten-year, US$5 billion
er cost of) traditional energy infrastructure by integrating
Clean Energy Fund to accelerate the growth of New York's
DERs into the planning and operation of the state's electric
clean energy economy, address climate change, strengthen
distribution systems. To prevent any potential disruption in
resiliency in the face of extreme weather, and lower ener-
the growth of renewable energy in New York, particularly
gy bills for New Yorkers starting this year. The fund is also
with the "interconnection" of new solar projects, the Public
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