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 introduces existing programs under the EEPS (Energy Efficiency Portfolio Standard) and mentions that major changes are expected with the introduction of the CEF (Clean Energy Fund) portfolio.
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source for NYSERDA's energy conservation programs, including the Energy Efficiency Portfolio Standard (EEPS), which has been replaced by the Clean Energy Fund (CEF). Additional funding sources include the Regional Greenhouse Gas Initiative (RGGI) and the Renewable Portfolio Standard (RPS), both of which focus on renewable energy and carbon abatement.
Cost Effectiveness Testing Under the EEPS, NYSEDRA was required to conduct cost effectiveness testing at the project level. The TRC is used as the cost effectiveness test. Prior to the implementation of the EEPS, the TRC was applied at the...
AI summary Under the Energy Efficiency Portfolio Standard (EEPS), the New York State Energy Research and Development Authority (NYSERDA) was required to perform cost effectiveness testing at the project level using the Total Resource Cost (TRC) metric. Previously, under the Clean Energy Fund (CEF), the TRC was applied at the program level, and this approach will be reinstated.
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