Cutting Costs for Families: Governor Hochul Unveils a New Initiative to Help New Yorkers Save on Electric Bills

New Yorkers should be excited about whatGovernor Kathy Hochulsaid: the New York State Public Service Commission has approved theNew York Power Authority s (NYPA)plan to start theRenewable Energy Accessand Community Help program. Low-income families living in poor areas across the state will be able to get electric bill credits through this program.

• Electric Bill Relief: The program aims to ease the financial burden of electricity costs for low-income families.
• Focus on Disadvantaged Communities: Special attention is given to those living in communities that have traditionally faced economic challenges.
• Renewable Energy Projects: NYPA is empowered to develop, own, and operate renewable energy projects, either independently or in partnership with other entities.

This creative program came about because the State Budget from last year gave NYPA more power to lead renewable energy projects.

Adding renewable energy sources to the program is meant to do two things: lower costs and help make the future more sustainable and eco-friendly.

Governor Hochul said she would always work to keep New York State affordable and good for business.

She said, The NYPA REACH program is a key initiative to make sure that low-income New Yorkers, especially those who live in poor areas, are not left behind as we move to a clean-energy economy.

Advancing Clean Energy and Supporting Communities

The Chair of theNew York State Public Service Commission, Rory M. Christian, stressed that the group was committed to protecting consumers rights. Our job every day is to protect consumers, and the approval of the REACH program today is a big step toward that goal.

By approving this program, we give NYPA the power to move the State s clean energy goals forward, he said, adding that the REACH initiative makes sure that low-income customers in poor areas can access renewable energy and benefit from NYPA s work.

The Role of the New York Power Authority

President and CEO of the New York Power Authority Justin E.is a key figure in driving these changes forward. Making real progress toward sustainable energy solutions that are fair and include all New Yorkers is still the main goal.

Imagine a future where families with low incomes who live in poor areas can enjoy the benefits of renewable energy without having to pay for it.

REACH will directly benefit low-income electric ratepayers in disadvantaged communities by using renewable generation from distributed energy sources within their communities or from large-scale renewable projects spread across the state s electric power grid, said Driscoll. This vision is becoming a reality.

These bill credits are paid for by a portion of the money that the New York Power Authority (NYPA) makes from new renewable energy projects. This money is set aside specifically for the REACH initiative.

Empowering Communities Through Renewable Energy

An important step forward was taken today when the Public Service Commission (PSC) set up rules that allow electric utilities to use Power Authority funds to give low-income ratepayers in bad areas credits on their electric bills. Putting this framework in place is a big step toward giving everyone access to clean energy.

The REACH Program: A Step Towards Energy Equity

NYPA s REACH program aims to be like theEnergy Affordability Program (EAP)and the Statewide Solar for All program, which were both very successful. The PSC approved these programs earlier this year after Governor Hochul announced them. They are meant to make clean energy more affordable and easier to get.

• Renewable Generation Sources: Utilizing both local distributed energy sources and large-scale projects across the state.
• Funding Mechanism: Supported by revenues from new renewable energy projects developed by NYPA.
• Program Alignment: Modeled after existing successful programs like EAP and Statewide Solar for All.

This initiative not only supports environmental sustainability but also promotes social equity by ensuring that everyone, regardless of their economic status, can benefit from clean, renewable energy sources.

The strategic use of existing regulatory structures can significantly reduce program administration costs, ultimately directing more funds to low-income ratepayers. This approach ensures a more efficient allocation of resources, benefiting those who need it most.

Expanding the Statewide Solar for All Program

To help the Statewide Solar for All program get started, thePublic Service Commission (PSC)has told electric utilities what they need to do. At first, these utilities have to sign up low-income customers in poor areas who are eligible for theElectric Assistance Program (EAP).

As more resources are made available, more low- and moderate-income customers will be able to sign up, no matter where they live. The main goals of the Statewide Solar for All initiative are in line with this step-by-step approach.

Implementing REACH: A Collaborative Effort

Together with staff from theDepartment of Public Service (DPS)and the utilities, the New York Power Authority (NYPA) is going to start the REACH program.

This rollout will follow the rules set out in the order, which includes plans for paying for REACH bill credits as project funds become available. NYPA wants to work with theLong Island Power Authority (LIPA)to expand the program into LIPA s service area once the REACH framework is set up.

Summing up, actions include:

• Utilizing existing regulatory frameworks to minimize costs.
• Prioritizing the enrollment of low-income customers in disadvantaged areas.
• Gradually expanding access to include moderate-income customers.
• Coordinating with utilities for effective program implementation.

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