New York State utilities are expanding their data analytics capabilities as part of their evolution to distributed system platforms (DSP) and are looking at ways to monetize the data and capabilities from these platforms. REV Connect is facilitating innovative ideas and business models that work in partnership with utilities to leverage utility data and provide value for the market, utilities, and customers.
Possible utility partnership opportunities could include:
|Utility||Propose Ideas Via||Interests|
|Central Hudson||REV Connect||Interested in approaches that help determine the value of granular data to the market and help understand data needs|
|Con Edison||REV Connect||Interested in understanding the types and characteristics of data that would be of value to the market|
|NYSEG and RG&E||REV Connect||Interested in leveraging data from its Energy Smart Community in Ithaca to provide additional value for customers and support increased grid efficiency|
|National Grid||REV Connect||Interested in partnerships that leverage data to identify areas where distributed generation (DG) would benefit specific distribution network needs|
|O&R||REV Connect||Interested in understanding the types and characteristics of data that would be of value to the market|
Under REV, utilities are transitioning toward operating the electric grid as a distributed system platform (DSP), a network platform that enables market-friendly connections between DER, large-scale power generators, customers, and other parts of the energy system. New York is encouraging the expansion of data-driven DER solutions, pricing, planning, and grid management through the DSP. The DSP depends on a sophisticated analysis of granular data to drive the markets it supports.
Many New York utilities have plans to deploy AMI as described in their Distributed System Implementation Plans (DSIPs). These utilities are seeking to improve their analytical capabilities and data platforms to accommodate the increased volume of AMI data.
New York utilities have the opportunity to earn new revenue—known as platform service revenues (PSRs)—from the data services. Utilities can also propose and receive shareholder performance incentives—known earnings adjustment mechanisms—for advancing customer engagement, system efficiency, and other key public policy goals.
For more information, see:
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