SEA’s New York Renewable Energy Market Outlook (NY-REMO)

In 2017, New York launched its Renewable Energy Standard (RES), which includes a new obligation for the state’s Load Serving Entities (LSEs) to purchase Renewable Energy Credits (RECs).  On the supply side, major New York entities (including NYSERDA and NYPA) plan to procure new renewable resources to feed the market. Other major initiatives, including state offshore wind goals and New York’s Value of Distributed Energy Resources (VDER) tariff program for distributed renewables, will also drive new renewable supply, while opportunities for merchant renewable supply and questions around the state’s existing renewable resources drive further market complexity.

Taken together, the growing and increasingly complex New York renewables market is driving a need for objective market analysis. That’s where we come in.

Are You Ready?

Ramping up from its infancy in 2017, the collective REC obligation for New York’s LSEs will increase eighty-fold by 2020, increasing the value of New York’s renewable markets and the need for objective analysis. Modeled after SEA’s New England REMO service, which has been used by a wide variety of market participants since 2005, NY-REMO features deep analysis that forecasts demand, tracks renewables procurement and project development activity, considers regional market dynamics, and projects REC supply, demand, prices, banking activity, and more.  Additional NY-REMO deliverables, include Quarterly Debriefs and Topical Webinars, also help subscribers to dig deeper on key market topics and stay abreast of the latest market-changing developments. Sustainable Energy Advantage has more experience in providing this type of market analysis than anyone, having been intimately involved in the New York renewables market since 2002.

Value Proposition

Whether you are a:

  • Utility
  • Competitive Retail Supplier
  • Project Developer
  • Asset Owner or Investor
  • REC Broker
  • Wholesale Market Participant
  • Government Agency
  • Policy Advocate

You need a basis for your market view to guide your decisions and actions. NY-REMO subscribers benefit from the ability to:

  • Quickly dive into a deep and actionable understanding of the New York REC marketplace.
  • Understand emerging issues, and their potential impact on your interests, risks, and opportunities, as they develop.
  • Gain and maintain confidence in the market view underlying your planning decisions, investments, purchase or sale strategy, advocacy, or risk management activities.
  • Prioritize your strategy based on what matters most, with an enhanced understanding of cause and effect
  • Have an objective, informed, and trusted advisor in your corner.

How Our Subscribers Use NY-REMO

Our subscribers use NY-REMO to support a wide variety of market activities and purposes that include:

  • Building a foundation for strategic and tactical decision-making.
  • Supporting specific decisions, benchmark internal analyses, and orienting to entering the market for the first time.
  • Quickly and efficiently providing a functional understanding of the New York renewable market to experienced staff that are new to the New York renewables market, or to train new staff.
  • Having a cost-effective alternative to, or supplement for, conducting in-house research/analysis, buying it from ‘all things to all people’ outlets, or commissioning costly customized analysis from outside consultants.