The New York State government, after expanding the operating rights of the New York Power Authority (NYPA) in renewable energy generation projects in last year’s budget, had its proposal for the “Renewable Energy Access and Community Help” (REACH) plan approved by the Public Service Commission (PSC) on October 16th. This initiative aims to provide electricity bill relief to low-income households in poverty-stricken communities across New York State.
Governor of New York State, Kathy Hochul, announced on the 16th that the government is committed to supporting New York State in remaining an affordable residential and business location. As the state transitions towards a clean energy economy, the NYPA’s “REACH” program is set to ensure that low-income New Yorkers in poverty-stricken communities do not get left behind.
On the same day, the Public Service Commission also outlined a regulatory framework that allows power companies to access funds from the New York Power Authority to subsidize electricity bills for low-income taxpayers in poverty-stricken communities.
In line with the implementation of the “Statewide Solar for All” program in New York State, the Public Service Commission suggests that power companies initially offer electricity bill relief programs to low-income customers eligible for the “Energy Affordability Program (EAP)” in disadvantaged communities. As more resources become available, the scope of relief will gradually expand to cover all low and moderate-income customers.
The NYPA will collaborate with the Public Service Commission and utility companies to implement the “REACH” program. The management of the electricity bill relief quota under “REACH” will be administered once project revenues become available for bill assistance.
Once the framework for “REACH” is established, the New York Power Authority also plans to negotiate with the Long Island Power Authority (LIPA) for the implementation of this project within LIPA’s service area.