Reforming the Energy Vision

The Energy Collective | Ever Wonder What REV Markets Might Look Like?

“New York’s “Reforming the Energy Vision” (REV) proceeding aims to make the State’s electric distribution systems more efficient and cleaner by animating markets for distributed energy resources (DERs).” “The diagram is a high-level characterization of New York’s electric distribution markets that is intended to provide a stylized view of how the type of markets REV …

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Building New York’s Future Electricity Markets: Identifying Policy Prerequisites & Market Relationships

New York State’s “Reforming the Energy Vision” (REV) proceeding aims to improve the efficiency of the State’s electricity system by animating markets for distributed energy resources (DERs). Thus far, the New York State Public Service Commission (Commission) has laid out several aspirational features of its DER market vision. The Commission has determined that distribution utilities will serve …

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Minding the Gaps: Identifying Priority Areas for REV Demonstration Projects to Address

New York’s “Reforming the Energy Vision” (REV) proceeding aims to take advantage of advances in distributed energy resource (DER) technology to make the State’s electricity system more efficient, resilient, and sustainable. The change that New York seeks to achieve is nothing short of transformative and will take many years to fully realize. To ensure that utilities make …

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The Merits of an ‘Integrated’ Approach to Performance-Based Regulation

The composition of utility revenues under performance-based regulation depends on the approach used to set base revenue allowances and the magnitude of financial performance incentives. For the most policy-responsive regime, regulators should pursue ‘integrated PBR’ by both broadening the set of performance incentives they offer and embracing benchmarking for base revenue allowances. Published in: The Electricity Journal (2015) Author: Benjamin …

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The German Energy Transition: Debating Implications for New York State

On April 29, the Guarini Center and Ecologic Institute co-hosted a discussion on the German Energiewende (Energy Transition) and potential implications it could hold for energy reforms that are underway in New York State. To help facilitate an informed discussion, the Guarini Center prepared a set of facts and figures comparing the German electricity sector and relevant policy instruments …

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Designing Performance Incentives to Advance New York State’s Policy Agenda

In this Guarini Center policy brief, Energy Law & Policy Fellow Benjamin Mandel examines how the New York State Public Service Commission (PSC) can implement an expanded set of performance incentives for electric utilities to realize its ambitious policy objectives. The brief outlines the steps regulators must address in order to design an effective performance …

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Toward Policy-Responsive Performance-Based Regulation in New York

This policy brief presents and evaluates options for performance-based regulation (PBR) approaches that the New York State Public Service Commission (PSC) can adopt in its REV proceeding. It recommends that the PSC adopt “Integrated PBR,” by both broadening the range of policy incentives for utilities and benchmarking base revenue allowances, in order to cost-effectively address REV’s ambitious …

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Reforming Electricity Regulation in New York State: Lessons from the United Kingdom

In the order instituting New York’s “Reforming the Energy Vision (REV)” proceeding, the Public Service Commission indicated that the United Kingdom’s novel approach to network regulation known as “RIIO” could serve as a model for reforms in New York State. However, in light of a dearth of up-to-date and comprehensive information in the US about …

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EDF Energy Exchange | New York Draws Lessons on Utility Regulation from Across the Pond

As New York scales up its “Reforming the Energy Vision (REV)” activities, the Environmental Defense Fund (EDF) has published a new Energy Exchange blog on lessons New York energy regulators can take from their British counterparts, who have introduced the RIIO model in recent years. EDF’s blog cites the recent Guarini Center roundtable discussion on …

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