NY’s latest power play : Empire Center for Public Policy

#NewYork's latest Power Play: "the state Public Service Commission’s 2016 Clean Energy Standard ordered utilities and anyone getting power directly from the grid to begin buying renewable energy credits (RECs), a mechanism by which renewable generators could remain profitable while selling electricity into the grid at a loss. That heavy-handed approach, by which the state puts up the capital and then makes people buy the product, still isn’t delivering the desired results... Governor Andrew Cuomo’s criticism of New York’s #renewableenergy spending in his written 2013 State of the State message still holds true: “despite all of this spending, NYS is not on track to achieve its clean energy goals.”" http://ift.tt/2Ej0kDQ http://ift.tt/2Ej0kDQ NY’s latest power play by Kenneth Girardin | January 26, 2018 | NY Torch Renewable energy companies aren’t building the windmills and solar panels Governor Andrew Cuomo hoped for when he pledged in 2015 to have 50 percent of the state’s electricity come from renewables by 2030. Cuomo’s la.....http://ift.tt/2zdPuzM