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Support for NY REV Track 2: Changes to Regulatory Designs and Incentives Structures
The New York Public Service Commission has undertaken an ambitious initiative to improve system efficiency, empower customer choice, and encourage greater penetration of clean generation and efficiency technologies. Called the Reforming the Energy Vision initiative, or REV, this case has proceeded on two tracks. The focus of Track Two is to examine what regulatory changes in current regulatory, tariff, and market designs and incentive structures are needed to better align utility interests with achieving the PSC’s objectives. Synapse provided the Natural Resources Defense Council (NRDC) with analytical and policy expertise to help NRDC ensure that REV Track Two: (1) results in a regulatory and ratemaking model for New York that moves away from electricity as a commodity, (2) promotes the penetration of clean and renewable resources, (3) ultimately decarbonizes the electric sector, and (4) becomes a model for other jurisdictions. Synapse assisted NRDC in this matter by conducting and quantitative research and analysis to inform NRDC comments and proposals, developing and executing work plans for strategic engagement in REV Track Two, working with NRDC to draft submissions to the PSC, and otherwise participate in REV-related stakeholder processes, where required.
Synapse also assisted NRDC with Track One issues.