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History
- Referred to energy and telecommunications
Full text
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Title of bill
An act to amend the public service law and the public authorities law, in relation to energy storage systems
Purpose
To establish energy storage system procurement targets for electric utility corporations and the Long Island Power Authority
Summary of specific provisions
Section 1 defines "energy storage system"
Section 2 amends the Public Service Law to add a new article to require the Public Service Commission to open a proceeding by July 1, 2017 to determine appropriate targets, if any, for each electric utility corporation to procure viable and cost-effective energy storage systems by December 31, 2020.
The bill requires the Public Service Commission to adopt such energy storage system procurement targets no later than December 31, 2017. The Commission shall reevaluate the procurement targets at least once every three years.
The bill requires electric utility corporations to submit a report no later than January 1, 2020 demonstrating that it has complied with the energy storage system procurement targets and policies adopted by the Public Service Commission.
Section 3 amends the Public Authorities Law to add new § 1020-LL to require the Long Island Power Authority to develop energy storage system procurement targets consistent with Public Service Law § 54.
Justification
New York has set forth an ambitious goal of 50% renewables by 2020. Energy storage systems are a key component to achieving that goal, while providing other benefits to the grid and New York's economy.
Since solar and wind power are intermittent sources, only providing power when the sun is shining or the wind is blowing, there are challenges to adopting these technologies as the State's primary power sources. Energy storage systems help address the intermittency issue by storing the energy produced by renewables for use at any time.
Storage can also provide vital backup power to customers and critical facilities when the grid goes down. When the grid is functioning, it gives customers and businesses additional flexibility to choose how they use and purchase energy. This allows customers and businesses to manage their energy costs now and in the future.
Storage can provide valuable services at the utility and wholesale levels, as well. It can be used to avoid or defer costly investments in generation and transmission assets. Many of these assets are needed to serve the State's growing peak load, which leads to inefficient investment in conventional assets that sit idle for significant periods of time. As estimated in the Department of Public Service's Reforming the Energy Vision (REV) proposal, New York could avoid up to $1.7 billion annually by flattening the top 100 hours of peak load. Storage can play a vital role in more efficiently using existing resources to avoid these costs.
New York's clean energy economy has undergone substantial growth in recent years. The solar industry alone added more than 1,000 jobs to New York's economy in 2015. This legislation will help the energy storage industry build on this success in creating jobs, bringing business to New York, and significantly reducing costs of storage in the future.
Prior legislative history
New Bill
Fiscal implications
None to State
Effective date
This Act shall take effect immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.