REV encourages third-party market actors including distributed energy developers, tech companies, companies offering building and energy services, customer engagement specialists, investors, and others to consider how their technologies and solutions can partner with utilities to bring New York’s grid into the 21st century.
New solutions should be structured with the following core policy objectives in mind:
Boost system reliability and resilience
New York’s electricity system needs to be prepared for more severe weather. REV will help achieve greater reliability and resilience, including providing electricity during grid outages through distributed energy resources.
Enable new energy markets and leverage ratepayer contributions
REV will foster markets that allow customers and companies to utilize distributed energy resources and optimize grid assets to create value and deliver energy more efficiently.
Enhance customer knowledge and capabilities
Companies and utilities in New York will provide timely information and insights to customers so that they can better understand and manage their energy use.
Ensure fuel and resource diversity
To make customers less vulnerable to dips in supply and spikes in prices, New York’s energy system will integrate multiple sources of generation, demand management, storage, and energy efficiency.
Improve system-wide efficiency
Utilities will adopt new technologies and approaches to improve the utilization of the grid infrastructure by reducing peak demand and implementing alternatives to capital upgrades.
Reduce carbon emissions
REV supports New York’s goal of reducing carbon emissions 40% by 2030 by encouraging distributed energy resources, energy efficiency, and demand management.