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LSE Obligations from NYSERDA - NYSERDA

nyserda.ny.gov · 806 words · saved by 1 readers

The Clean Energy Standard [PDF] requires three approaches for utilities, electric companies, and other load serving entities (LSEs) to help New York meet clean energy and climate goals: meeting a Renewable Energy Standard through the purchase of Tier 1 RECs as well as the purchase of Tier 2 RECs and a requirement to purchase zero-emissions credits (ZEC). The processes, timelines, and obligations for purchasing Tier 1 RECs and Tier 2 RECs and ZECs differ. Compliance processes have also changed since the adoption of the CES as the programs have matured and new obligations have been added. The RES obligates every load serving entity (LSE) in the State to serve their retail customers by procuring new renewable resources, evidenced by qualifying Tier 1 Renewable Energy Certificates (RECs) or by making alternative compliance payments (ACPs). LSEs have four options to ensure compliance, they include: Tier 1 RECs are derived from the energy production of megawatt-hour (MWh) by RES-eligible ele

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