DSP

One of the most striking aspects of the state's "Reforming the Energy Vision" initiative is the unique role it assigns to energy storage. Utilities may own distributed storage without concern over competitive implications when it becomes a part of the distribution network.

In the emerging era of distributed energy resources, we will find the distribution utility increasingly in the role of an integrator and enabler – more than their longstanding role as energy provider. Accordingly, the regulatory approach must go through its own structural shift to keep pace and restore the system to regulatory equilibrium.

New York's far-reaching reform plan, called the Renewable Energy Vision, or “REV,” seeks to decentralize power supply by encouraging distributed resources, and a new regulatory entity will be created called a “Distributed System Platform,” or DSP.

If the New York Rev is fully implemented, utility earnings would depend more on creating value for customers and achieving policy objectives.