Topic:"Clean Energy Fund" in M07544

Sources of Funding The Systems Benefit Charge (SBC) is the primary source of NYSERDA s funding for energy conservation programs. It was established on May 20, 1996. The funds collected from the SBC are allocated towards energy efficiency p...

AI summary The Systems Benefit Charge (SBC) funds NYSERDA's energy conservation programs, including the Energy Efficiency Portfolio Standard (EEPS), which was replaced by the Clean Energy Fund (CEF). Established in 1996 and extended in 2016, the SBC supports energy efficiency, research, low-income programs, and environmental disclosure. Additional funding sources include the Regional Greenhouse Gas Initiative (RGGI) and Renewable Portfolio Standard (RPS), which finance carbon abatement, renewables, and are regulated by the Public Service Commission.

Sources of Funding The Systems Benefit Charge (SBC) is the primary source of NYSERDA s funding for energy conservation programs. It was established on May 20, 1996. The funds collected from the SBC are allocated towards energy efficiency p...

AI summary The Systems Benefit Charge (SBC) is the primary funding source for NYSERDA's energy conservation programs, established in 1996 and extended in 2016. Funds support energy efficiency, research, and low-income programs, with EEPS replaced by the Clean Energy Fund (CEF). Other sources include RGGI, focused on carbon abatement, and RPS, a legislative mandate for renewable energy, funded by the Public Service Commission.

EXISTING PROGRAMS The following are programs a part of the EEPS. Major changes are expected when the CEF portfolio is introduced.

AI summary The text outlines existing programs under the Energy Efficiency Portfolio Standard (EEPS) and notes that significant changes are anticipated with the introduction of the Clean Energy Fund (CEF) portfolio. The current programs are part of EEPS, which will undergo transformation as CEF initiatives are implemented.