N.Y. PSC starts regulatory overhaul to support 'clean energy' goals
- The New York Public Service Commission has started a process that could change utility regulation to support energy efficiency and other “clean energy” policies.
- Regulatory changes could include performance and outcome based incentives, according to the PSC's order.
- The process comes as New York has started a Green Bank to spur private investment in energy efficiency, demand response and distributed generation.
The PSC intends to change the regulatory structure so utilities are not only indifferent to how much power they sell, but can receive incentives to support efficiency programs. “We intend to change the regulatory model so that efficiency incentives are not confined to a narrow silo of meeting certain single metric targets but are integrally bound to the utilities' business model,” the PSC said.
- Environmental Defense Fund New York Public Service Commission Signals Big Changes to Prioritize Clean Energy