The pitch: The NY PSC is mulling over utilities’ request to build their own wind and solar generation in what’s currently a deregulated market. Their argument? Utility-owned renewables would 1) lower costs 2) boost grid reliability and 3) advance the state’s emissions goals.
The pushback: Some critics claim this move could increase costs. For example, failed projects could hit utility customers’ wallets. Meanwhile, IPPs say the shift would delay new generation…but they don't exactly have a vested interest in opening up the market.
The trend: Utilities in other states are also eyeing re-regulation, including PA, OH, NJ, and IL. We are watching this space. 👀