Energy and Environmental Markets
The program is responsible for managing the Renewable Portfolio Standard (RPS); specifically designing and administering competitive procurements and managing long-term contracts for the purchase of environmental attributes associated with new renewable generation. Additional group responsibilities include the formation and execution of market-based mechanisms to facilitate compliance with the Regional Greenhouse Gas Initiative (RGGI) and the Clean Air Interstate Rule (CAIR). Both of these environmental initiatives function as market based “cap and trade” programs whereby compliance is enabled through the creation and trading of allowances. Future efforts will include continued focus on: achieving RPS program goals; expanded efforts to ensure that environmental market mechanisms associated with RGGI and CAIR, the RPS, and emerging federal legislation dealing with climate change, renewable energy, and financial incentives evolve in a fashion that is compatible with New York energy policy and supportive of New York renewable energy development goals.
Also under the management of this program area is a Resource Development Program which leads an effort to develop a pipeline of emerging, less-established renewable technologies and applications; with a heavy emphasis on marine based resources-notably off shore wind. The program will address market barriers through collaboration, planning and education; assessment, modeling and surveying; and supply chain, service industry and infrastructure development.
NYSERDA funds its projects through competitive solicitations which are issued periodically throughout the year. Check our Main Tier Solicitations page for the latest information on past, current and planned solicitations.
Program staff are available to provide assistance and answer any questions you may have on our program opportunities. Full contact information for our staff can be found on our Staff Contacts page.
- The New York Renewable Portfolio Standard
A Renewable Portfolio Standard (RPS) is a policy that seeks to increase the proportion of renewable electricity used by retail customers. New York has adopted an aggressive goal of obtaining 30 percent of its electricity from renewable sources by 2015 – referred to as 30 x15.
- Regional Greenhouse Gas Initiative
The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort by nine Northeast and Mid-Atlantic states to cap and over a set time period, reduce CO2 emissions from the power sector. CO2 allowances are sold at auction to power plants subject to the cap and the proceeds from the sales of these allowances will be used to administer energy efficiency, renewable energy, and/or innovative carbon abatement programs.
- Resource Development Program
Last Updated: 04/17/2013