Staff of the Commission and NYSERDA filed a proposed Clean Energy Standard (CES) Phase 2 Implementation Plan. The Phase 2 proposal addresses implementation of CES requirements for the period of 2018 through 2021. The proposal makes a calculation of jurisdictional load, anticipated annual procurement targets and statewide available renewable energy. The Phase 2 proposal makes a revised calculation of the RES Tier 1 LSE obligation for 2018 through 2021, which is calculated as 0.15% (2018), 0.78% (2019), 2.84% (2020), and 4.20% (2021).

Of particular note is the proposal to change the frequency and timing of Tier 1 REC sales by NYSERDA. Instead of prospectively soliciting LSEs to contractually commit to purchase anticipated Tier 1 RECs as was previously done, for the 2018 compliance period it is proposed that NYSERDA offer four quarterly Tier 1 REC sale events through which LSEs will be offered the actual number of Tier 1 RECs in NYSERDA's NYGATS account at the time of sale. This is intended to benefit LSEs that should have improved knowledge of their actual load served during the prior quarter, thereby reducing LSE risk. The REC sale events will align with the certificate process in NYGATS.

NYSERDA will file with the Commission and post on its website the 2018 Tier 1 REC sale price and the 2018 Alternative Compliance Payment (ACP) price by December 1, 2017. It is proposed that only RES-obligated LSEs be able to purchase RECs from NYSERDA for the 2018 compliance year. LSEs will continue to be able to satisfy their Tier 1 RES obligation by purchasing RECs from NYSERDA, self-supply, agreements with renewable energy resources or intermediaries, ACPs or a combination thereof. The full text of the CES Phase 2 Implementation Plan Proposal is available on the NEM Website.

At yesterday's agenda meeting, Staff presented its annual summer electric preparedness report to the Commission. Staff reported that everything was fine and that the utilities started preparation for this summer at the end of last summer. Staff reviewed the forecast of demand for the summer and the impacts of energy efficiency and distributed generation. Total capability for the summer is 41,013 MW versus forecast demand of 33,178 MW. The New York State electric supply portfolio for full service residential customers in the summer of 2017 will be comprised of 64% fixed price, 25% market price, 8% index price, and 3% of hedged generation. The full text of Staff's 2017 Summer Electric Preparedness Report is available on the NEM Website.