New York's Reforming the Energy Vision
What do the states shaping today’s U.S. power sector have in common? Their energy vision systematically integrates energy and environmental policy, focuses on customer resources, aligns with public policy goals, and protects vulnerable customers. At a meeting of Institute of Electrical and Electronics Engineers (IEEE) Power and Energy Society, Rich Sedano showcased the state of New York’s “Reforming the Energy Vision” (REV) project. The project is a sophisticated interplay between markets, distribution system planning, new ways to measure utility performance, and rate design that is evolving to keep pace with these developments. The Brooklyn-Queens project is an innovative trial of the REV process, which aims to avoid a $1.2 billion investment in new infrastructure by reducing load in a localized area and allows the utility to amortize expenses for the load reduction efforts over 10 years.