New York is the birthplace of our modern electrical grid. It’s a point of pride, but also a source of pain for New Yorkers since it means that we have the oldest and most outdated system in the nation. The inefficiencies and periodic failures of our electric grid cost New York businesses and citizens billions of dollars every year.
Entrepreneurs and investors are ready to deploy more advanced, cleaner technologies and services that will reduce the vulnerability of our grid to natural disasters (like Hurricanes Sandy and Irene) and terrorist threats. They’re ready to deploy solutions that will benefit both urban and rural communities.
There’s one problem: They’re prevented by outdated electricity sector regulations.
In an effort to address the outmoded rules and regulations that prevent innovation in our electrical system, New York state has been working for three and a half years on the Reforming the Energy Vision (REV) process. The purpose is to enable the transition to a modern, distributed and clean electrical grid that includes critical energystoragetechnologies.
Much emphasis has been put on solar power and other renewables, but there are still no clear market guidelines for energy storage — meaning that many of the critical technologies needed to modernize and harden our grid to both natural and manmade disasters cannot be deployed at meaningful scale in the Empire State.
This inability of the New York Public Service Commission (PSC) to successfully implement REV has forced the legislature to take action. In June legislators unanimously passed an energy storage bill (A.6571 in the Assembly and S.5190 in the Senate). Thankfully, Governor Cuomo signed it into law at the beginning of December.
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