The New York Public Service Commission has expanded the types of clean renewable energy systems that are eligible for compensation based upon the benefits they generate for society and the electric grid. In September 2017, the commission adopted the value-based policy to compensate the owners of solar projects for the value the solar system provides. The policy represents a movement away from the existing net metering method of compensation. Compensation for new technologies will come in the form of bill credits. In its 2017 order the commission noted that there will not be an adverse ratepayer impact as the bill credits are roughly the same as the cost reductions for the utilities. The commission has now concluded that expanding eligibility for value stack compensation to other clean energy and storage will result in more appropriate and accurate compensation for those resources as well. Most significantly, stand-alone storage systems including regenerative braking with a rated capacity of 5 MW or less will now be eligible to receive compensation. Additionally, tidal energy generators, biomass generators, and certain food-waste digestion configurations that meet the state’s clean energy standard requirements will be eligible for compensation under the “Value Stack” methodology. Re Value of Distributed Energy Resources, Cases 15-E-0751 & 15-E-0082, Sep. 12, 2018 (N.Y.P.S.C.).
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