Formally proposed in 2014, the New York State Reforming the Energy Vision (REV) is a governance process that IGov has followed closely. Following Hurricane Sandy there was a mandate from the people of New York State to address the energy system. The approach taken was to proactively tear up the rule book to put in place a fit-for-purpose governance for sustainable technologies and new ways of system operation / customer wishes / business models / economic regulation. We think the REV is a fundamentally different regulatory and market framework for energy and that it is a far better fit for dealing with the current challenges of the energy system. To ignore the lessons the REV provides us, or to think it is too disruptive, would be short-sighted.
IGov 25th Feb 2019 read more »