New York is aiming to fundamentally reshape the way electricity is generated, distributed and marketed in the state. Under Governor Andrew Cuomo, the state government has set out to answer the pressing question of how to bring the state’s electricity system into the 21st century. The Reforming the Energy Vision (REV) initiative is a decision-making process whose proceedings will ultimately result in the overhaul the state’s retail electricity markets – while also finding ways to better integrate renewables and energy efficiency into the system
The New York Public Services Commission (PSC) has introduced measures to ensure that distributed energy technologies like rooftop solar panels remain affordable for all New Yorkers. As part of the state’s forward-thinking Reforming the Energy Vision (REV) initiative, state utilities will be barred from owning distributed generation equipment (such as your solar panel system). According to Governor Andrew Cuomo, the new rules will empower state residents to take control of their electricity usage – and reduce their power bills.
The key focus of the REV program is to bring New York’s electricity system into the modern era by improving network efficiency and introducing more renewable energy sources. As Governor Cuomo points out in the announcement of the new rule last month, New York’s approach to electricity infrastructure has undergone little change since the first grid was introduced in lower Manhattan back in 1884. “This state is in need of a modern and efficient energy system, and we are proud to take the steps to build a sustainable way to deliver energy to every home in New York,” he said. Continue reading