New York: The Value in the Value Stack?

Ali Shajrawi, David Barry, Greg Owens Market Research Briefs

Solar developers have anxiously awaited the outcome of the New York Reforming the Energy Vision (REV) and the new compensation mechanism for distributed energy resources. Many components of the new market design provide more predictability around the clean energy mandate and market fundamentals. Nevertheless, there are currently several programs that provide different incentive levels, creating a complicated system that may hinder the state’s ability to meet its ambitious “50 by 30” goal, which requires the state to retain its renewable generation and avoid significant exports into adjacent Control Areas.