Parallel to other efforts worldwide, the State of New York's Reforming the Energy Vision (NY REV) is an ambitious initiative of the Governor and the Public Service Commission to fundamentally reorient the structure of the State's power sector from a primarily centralized model to a highly decentralized one. Its success depends on the Distribution System Implementation Plan (DSIP), which in turn depends on which proposals for providing distributed energy resources (DERs) and utility distribution assets are selected to constitute the plan. The selection approach uses a benefit-cost analysis (BCA), which will not be sufficient to achieve an optimal DSIP. Instead, an optimization approach should be utilized and phased in to ensure timely success of this regulatory initiative.
ASJC Scopus subject areas
- Business and International Management
- Sociology and Political Science
- Management, Monitoring, Policy and Law
- Benefit-cost analysis
- Distributed energy resources
- New York Reforming the Energy Vision