NYSERDA is primarily funded by State ratepayers through the System Benefits Charge (SBC) on participating utility bills and proceeds from auctions through the Regional Greenhouse Gas Initiative. These funds are allocated to the Clean Energy Fund and Renewable Portfolio Standard for energy-efficiency programs, research and development initiatives, and other clean energy activities.
Clean Energy Fund
The Clean Energy Fund (CEF) is designed to deliver on New York State’s commitment to reduce ratepayer collections, drive economic development, and accelerate the use of clean energy and energy innovation through 2026.
Customers of the following utilities pay the SBC:
- Central Hudson (Central Hudson Gas & Electric Corporation)
- Con Edison (Consolidated Edison Company of New York, Inc.)
- National Fuel (National Fuel Gas Distribution Corporation)
- National Grid (Niagara Mohawk Power Corporation)
- National Grid-Long Island (KeySpan Gas East Corporation)
- National Grid New York (Brooklyn Union Gas Company)
- NYSEG (New York State Electric and Gas Corporation)
- Orange and Rockland Utilities, Inc.
- RG&E (Rochester Gas and Electric Corporation)
To determine if you are paying the SBC, look at a recent bill from your utility company to see if “SBC” or “RPS” is listed as a charge. If need assistance determining whether you pay into the SBC, contact NYSERDA at 1-866-NYSERDA.
Utility customers that do not pay into the SBC may still be eligible for NYSERDA programs. Contact NYSERDA at 1-866-NYSERDA to determine if any energy efficiency programs are available to you.
Regional Greenhouse Gas Initiative
The Regional Greenhouse Gas Initiative (RGGI) is focused on energy efficiency, renewable energy and carbon abatement projects in New York State. These funds are derived from sale of carbon emission allowances as set forth in 6 New York Code of Rules and Regulations (NYCRR) Part 200 and 21 NYCRR Part 507. The amount of revenues available is dependent on the auction prices for the allowances, which are variable. RGGI is the first market-based, mandatory cap-and-trade program in the U.S. to reduce greenhouse gas emissions. New York State participates along with eight other Northeast and Mid-Atlantic states. Green Jobs - Green New York is funded by RGGI.
Renewable Portfolio Standard
The Renewable Portfolio Standard (RPS) is focused on acquiring renewable energy attributes and helping New York State achieve its targetState Energy Plan renewable energy goal of 50% by 2030. The RPS supports Main Tier and Customer-Sited Tier. These funds are approved by the Public Service Commission under various Commission Orders, and derived from an assessment on the intrastate sales of electricity by New York State utilities.