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NY A08589

Bill

Official Source

Status

Introduced

7/10/2017

Primary Sponsor

Marcos Crespo

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Establishes the "Renewable Energy Credit Opportunity and Exchange Protection Act" within New York's Public Service Law

  • Grants customer-generators full ownership rights over renewable energy credits (RECs) generated from their renewable energy systems, with the unqualified right to sell or transfer these credits

  • Permits customer-generators to register and track renewable energy credits through approved tracking systems including ERCOT, M-RETS, NEPOOL-GIS, PJM-GATS, WREGIS, or other authority-approved systems

  • Applies to customer-generators first connected to the electric system between the effective date and January 1, 2031, for energy generated within 15 years of interconnection approval

  • Takes effect immediately upon enactment

Legislative Description

Relates to enacting the "renewable energy credit opportunity and exchange protection act" establishing the rights of consumers and businesses to own and trade renewable energy credits.

Last Action

referred to energy

1/3/2018

Committee Referrals

Energy7/10/2017

Full Bill Text

No bill text available