The system for supplying electricity in the U.S. was premised on the assumption that utilities would make evermore electricity to sell to customers. But, the global need to reduce carbon emissions from traditional power generation, along with the emergence of distributed energy resources – small, grid-connected devices, like rooftop solar and energy storage –… Keep reading →
Throughout the United States, utilities earn a profit through a tried and true regulatory model that has worked well for over 100 years. This model was built on the assumption that customers would use ever increasing amounts of electricity, and it worked for some time. But, as the need to save power and make electric systems… Keep reading →
Outcomes from Expanded Earning Opportunities, Information Access, and Competition Could Influence Utility Reform Nationwide Key Takeaways: The New York State Public Service Commission (NY PSC) Order to adopt a policy framework for ratemaking and revenue models aims to better align utility financial interests with consumer benefits The framework will add market-based platform earnings and outcome-based… Keep reading →
Electricity markets around the world are transforming from a model where electricity flows one way (from electricity-generating power plants to the customer) to one where customers actively participate as providers of electric services. But to speed this transformation and maximize its environmental and cost benefits, we need to understand how customer actions affect the three… Keep reading →
Do you remember where were you were and what you were doing the day the first iPhone was released? What about the moment when Senator Obama became a real contender for the White House? It is rare to experience a pivotal moment in history, and appreciate its significance in real time. Last week, the New… Keep reading →
New York is on the path to transforming its electric industry. Since the Reforming the Energy Vision (REV) proceedings kicked off with the goal of creating a more robust and efficient electric grid, the State is now a step closer in the quest to reduce greenhouse gas emissions by 40 percent from 1990 levels. And,… Keep reading →
The Paris climate negotiations can set the stage for a global shift on climate change – when our world’s emissions finally stop rising, level off, and begin to fall. There is reason to be optimistic: from China to the United States, from Europe to South Asia, countries are coming together with commitments to cut climate… Keep reading →
Reforming the Energy Vision (REV) is a New York initiative that would create a radically different electric system and change the way power is generated and distributed in the state. Utilities would direct the distribution of electricity produced by thousands of smaller entities. REV encompasses areas such as regulatory reform; load/peak demand management; consumer management… Keep reading →
On July 28, 2015, the New York Department of Public Service (DPS) issued a whitepaper on ratemaking and utility business models under the Reforming the Energy Vision (REV) Track Two proceeding, providing guidance and recommendations on ratemaking and utility model reforms. REV seeks to transform the utility regulatory structure by integrating greater levels of DER… Keep reading →
New York’s aging power grid is a threat to the state’s economy. If we want to assure that families, small businesses, and job creators can afford to stay in New York, then it’s essential that we have affordable and reliable electricity. As such, we need to make major investments in new transmission lines as well… Keep reading →
