In June 2018, the New York State Department of Public Service and the New York State Energy Research and Development Authority released the New York State Energy Storage Roadmap, outlining a series of recommended approaches to achieve Governor Cuomo’s statewide energy storage target of 1,500 MW by 2025. Our comments, based on our Managing the Future of Energy Storage report, generally support the overall approach to reward energy storage systems for all the values they can bring to the electric system, to allow dual participation in both wholesale and retail electricity markets, and to improve price signals to maximize the benefits of energy storage systems.
In addition, we submitted joint comments with a diverse group of stakeholders suggesting improvements to the design of the Environmental Value, which is a component of the compensation formula for certain resources. Our suggested improvement would help ensure that the full range of potential environmental and public health benefits of energy storage can be realized.