Darth VDER is cheating NYers
Did you know that a recent decision by New York State energy regulators means that 32 percent of all New York City residents are not treated equally when it comes to accessing renewable energy as compared to other New York state residents? This affects all of us who do not pay our energy bills directly to Con Ed, including everyone living at Stuy Town, Waterside and most people living in large multifamily buildings, even though we pay the same amount as the other 68 percent of New York state residents to fund the state’s clean energy programs.
For most of us in New York City, remote renewable energy – also known as community distributed generation (CDG) – is the only option we have if we want to purchase clean renewables energy. Recently the Public Service Commission – a board of utility regulators appointed by Governor Cuomo – changed the rules for valuing clean energy generated at locations remote to where is consumed.
This new method, called VDER (Value of Distributed Energy Resources), applies to solar, wind and hydro-electric generation and is intended to succeed the current net meter value methodology. VDER differentiates between those of who pay their Con Ed bill directly to Con Ed, known as Direct Metered and those that do not, known as Master Metered or Master/Submetered, crediting Direct Metered residents almost 50 percent more value. It’s not fair.