On September 22, the New York Public Service Commission (PSC) voted to establish a renewables portfolio standard (RPS) representing 25% of retail electricity sales by 2013. The RPS goal was first announced by Gov. George E. Pataki in his 2003 State of the State address. New York currently obtains 19.3% of its electricity supply from renewable sources. To meet the 25% target will require the addition of about 3,700 MW of new renewables-based generating capacity.
The PSC stated that a major objective in implementing the RPS is to support the growth of competitive retail markets for renewable resources and customer choice for renewables and therefore determined that the voluntary green power market should contribute at least 1% of the overall 25% goal. Currently, five of the seven largest utility companies in New York offer a green power program and a dozen green power marketers are active in the state.
News Release - PSC Votes to Adopt Aggressive Renewable Energy Policy for New York State (PDF 23 KB)
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