New York S01537 aims to ensure the continued viability of existing large-scale renewable energy resources by modifying the competitive tier 2 program.

New York S01537 modifies the competitive tier 2 program to ensure the continued viability of existing large-scale renewable energy resources. The bill directs the public service commission, in consultation with NYSERDA, to adjust the program by setting the maximum bid price at 75% of the tier 1 REC price, eliminating the $200 million cost cap, and extending the program duration. These changes aim to provide adequate financial incentives to existing renewable resources, ensuring they remain operational and contribute to New York's clean energy goals.

New York S01537 aims to ensure the continued viability of existing large-scale renewable energy resources by modifying the competitive tier 2 program.

New York S01537 modifies the competitive tier 2 program to ensure the continued viability of existing large-scale renewable energy resources. The bill directs the public service commission, in consultation with NYSERDA, to adjust the program by setting the maximum bid price at 75% of the tier 1 REC price, eliminating the $200 million cost cap, and extending the program duration. These changes aim to provide adequate financial incentives to existing renewable resources, ensuring they remain operational and contribute to New York's clean energy goals.