New York's proposed nuclear subsidy program could prompt additional policy changes, especially in terms of market design, as retention of existing nuclear plants requires long-term financial viability, which in turn hinges on wholesale markets recognizing the benefits of nuclear power.
The New York State Public Service Commission (NY PSC) has issued a proposal to subsidize nuclear power generating facilities that may otherwise be retired to preserve their zero-emission attributes as part of the state's Clean Energy Standard (CES). The subsidy program could prompt additional policy changes, especially in terms of market design, as retention of existing nuclear plants requires long-term financial viability, which in turn hinges on wholesale markets recognizing the benefits of nuclear power.
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With increasing solar penetration, states and utilities are considering methods for proper valuation of distributed generation, with regard to potential cost-shift to non-solar customers, aggregation, and ownership models.
On April 18, 2016, a coalition of New York State electric utilities and solar companies jointly proposed a distributed generation compensation model that addresses cost-sharing issues in transitioning from net energy metering (NEM). As utilities and state regulators continue to debate over the valuation of solar power, the New York proposal could set a national precedent for utility-industry collaboration to support solar growth while addressing cost-sharing issues.
