New York’s Clean Energy Standard and Costs Impacting Customers

ENGIE recently released an excellent report on New York’s Clean Energy Standard that details how it will affect suppliers and consumers alike.

What is the Clean Energy Standard?

It’s a standard that requires that 50% of New York State’s electricity be generated by renewable resources by 2030. This will rely heavily on solar, wind and hydro generation.

According to ENGIE, the policy contains two key requirements:

• The Renewable Energy Standard
• The Zero-Emissions Credit requirement

In addition to these requirements, the policy also subsidizes struggling nuclear plans which ENGIE says will affect the rate payer.

The video below will provide details on both requirements and how they’ll affect electricity rates in New York: