Policies to Cost-Effectively Retain Existing Renewables in New York
Synapse was retained by the Alliance for Clean Energy New York to develop an analysis of the role of existing renewable generation in achieving New York’s goal of 50 percent renewable energy by 2030. The report shows that so-called “Baseline” resources, which New York policymakers assumed would keep their energy and attributes in New York through 2030, have other markets for their production. If those resources are exported, New York would be forced to acquire substantial additional new renewable generation. Synapse analyzed policy options to compensate existing renewable resources for retaining their attributes in New York, and showed that they are less expensive than developing new renewable resources.