The New York PSC Staff have issued a report and recommendations on setting the tariffed value for distributed energy resources (DER), as part of the Reforming the Energy Vision process

The Phase One value of DER (VDER) mechanism is proposed to compensate customers using a tariff based on calculations (and proxy calculations) of specific value sources and as applied to net exported generation from a DER host's account on an hourly basis. When considered together, these values comprise the value stack with each stated value serving as a component of the stack. Some of the VDER tariff's value stack components will be fixed for a given project, while some components will vary with fluctuations in energy markets

The VDER tariff will result in monetary bill credits that are applied to a customer’s or project subscriber’s account in each billing cycle, with any excess credit carried over month-to-month, in a process outlined by Staff

Staff proposes values for energy, capacity, environmental considerations, and demand reduction and locational system relief. A "Market Transition Credit" is also proposed for certain projects

For energy, Staff recommends that both the value and the compensation for the energy that eligible generation facilities inject into the system, and the reduction in utility energy purchases resulting from that injection, take the form of actual day-ahead NYISO hourly LBMP energy prices at the time of generation. This compensation shall be calculated in the same way as charges for mandatory hourly pricing (MHP) customers are calculated and will therefore include avoided losses.

See Staff's report here for more details

Tags:
New York   REV   Reforming the Energy Vision   Distributed Energy  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Schneider Electric Collaborates With Station A For AI-Based Distributed Energy Solutions
Long Island Lawmakers Decry "Poison Pill" Charge In LIPA Tariff For Opt-out Municipal Aggregation
NY Agency Reminds That Unsolicited Telemarketing Calls Are Prohibited During State of Emergency
New York DPS Staff Proposes Customer Data Access Framework, Consent, Qualifications (Cyber-risk)
Multi-City New York Municipal Aggregation Including Albany & Capital Region Delayed