New York ISO State of Mind: RECs, ZECs, and the Effects of the Clean Energy Standard

Ali Shajrawi Market Research Briefs

This past December, Gov. Andrew M. Cuomo directed the New York Public Service Commission (PSC) to design and enact a new Clean Energy Standard (CES), mandating that 50% of all electricity consumed in New York must come from a renewable energy source by 2030. The CES is the planned successor to the New York Renewable Portfolio Standard (RPS), which expired at the end of February, 2016.

In the following research report, Karbone provides preliminary analysis of the potential impact this new market design will have on the renewable energy market outlook in New York.