FERC Continues Executive Overreach with NYISO BSM Orders

WASHINGTON, D.C. — Following is a statement from Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), on the Federal Energy Regulatory Commission’s (FERC) decision today to impose Buyer-Side Mitigation (BSM) measures in the New York Independent System Operator (NYISO) capacity market:

“FERC delivered a new subsidy to the fossil fuel industry today at the unfortunate expense of New York ratepayers. So called “Expanded Buyer-Side Mitigation” (BSM) measures directly conflict with policies New York expressly designed to accelerate the transition to pollution-free, renewable power. ACORE is reviewing the implications of this order in more detail, and considering our available options to challenge it. This is an echo of FERC’s so called “MOPR” decision in December that delivered a Christmas gift to fossil fuels in the PJM capacity market.  FERC has once again made a decision that will lead to more pollution and higher electricity rates, this time for New Yorkers.”


About ACORE:
Founded in 2001, the American Council on Renewable Energy (ACORE) is the nation’s premier pan-renewable organization uniting finance, policy and technology to accelerate the transition to a renewable energy economy. For more information, please visit www.acore.org.

Media Contact:
Alex Hobson, Vice President of Communications, ACORE
hobson@acore.org | 202.777.7584 (o) | 202.594.0706 (c)