conbio.info/2016-08-02/Lennart Ljungblom / – The New York State Public Service Commission has according to SeeNews Renewables approved the state’s Clean Energy Standard (CES) that will require 50 percent of New York’s electricity to come from renewables by 2030.
The initial phase of the mandate will require utilities and other energy suppliers to procure and phase in new renewable power resources beginning with 26.31% of the state’s electricity load in 2017 and reaching 30.54% in 2021.
According to the announcement, the CES will add less than USD 2 (EUR 1.8) a month to the average residential bill. At the same time, it will be a key element in reducing greenhouse gas emissions by 40% from 1990 levels by 2030 and by 80% by 2050.
The CES will be implemented by ordering energy suppliers to get each year a targeted number of Renewable Energy Credits, for which renewable developers get paid.
The CES will also help safeguard New York’s three upstate nuclear power plants through a requirement for the purchase of Zero-Emission Credits for carbon-free nuclear power. Exelon Corp (NYSE:EXC), which operates two of the plants — RE Ginna and Nine Mile Point, — said it would now continue talks for the acquisition of the third plant — FitzPatrick.