Establishes the New York State grid reliability and energy affordability transition (GREAT) act; establishes the virtual power plant program to help.
The New York State grid reliability and energy affordability transition (GREAT) act establishes the virtual power plant program to help reduce energy costs and grid reliability risks. The act provides incentives to participants for supporting the grid by investing in distributed energy resources and reducing net energy costs. The act requires the New York Public Service Commission to establish system peak load reduction targets for each utility and performance incentive mechanisms to achieve those targets.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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