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PSC Approves Offshore Wind Implementation Plan
In a press release the New York Public Service Commission announce the approval of the New York State Energy Research and Development Authority’s (NYSERDA) Offshore Wind (OSW) Implementation Plan proposal.
“The OSW Standard obligates each LSE to serve its retail customers by procuring new OSW resources, evidenced by the procurement of ORECs from NYSERDA.”
“Today’s decision provides for several avenues for the sale of ORECs, including the long-term contracting of ORECs, and the pre-sale and re-sale of ORECs to interested parties. These sales reduce the obligation upon load serving entities and utilities which are charged based on their share of the statewide load. This in turn reduces the costs incurred by ratepayers related to the OSW program.”
NYSERDA is responsible for management, sale, and distribution of ORECs within the New York Generation Attribute Tracking System (NYGATS) once OSW generation assets are interconnected to the grid and begin generating into the New York Control Area.
A written order was not available at the time of publication.
NYSERDA filed several quarterly reports containing itemized expenses associated with the administration and development costs of the Clean Energy Standard (CES) platforms and systems in accordance with the Commission’s October 15, 2020 Order in the proceeding including the following:
