NYPA Offers Low-Cost Power to Businesses through ‘ReCharge New York’
New York businesses may have hit the jackpot. Governor Andrew Cuomo recently announced that the New York Power Authority (NYPA) has approved another round of the ReCharge New York (RNY) program. This initiative is “an economic development power program designed to retain and create jobs through allocations of low-cost power.”
910 megawatts (MW) of electric power will be provided: half coming from NYPA’s hydroelectric power plants and half coming from market power procured by NYPA.
“Over the last few years, the power allocations that we have distributed through the ReCharge NY program have enabled businesses across the state to expand and create jobs in their communities,” stated Governor Cuomo. “With another round of low-cost power allocations, we are continuing to invest in regional economies from Western New York to the north country, and I look forward to seeing these investments deliver results for New Yorkers.”
This is the ninth cycle of allocations under the RNY program since its birth in 2011. By promising to create new jobs and prompt economic development, businesses are granted access to low-cost energy. Over the past two years, this program has supplied roughly 737 MW to over 600 businesses in the area.
How can your business get in on this deal? You can start by filling out an application here. Aside from producing new job opportunities, applicants will be evaluated on their current costs for electricity (compared to overall operational costs), their impact on the local community, their risk of closure, and of course, their dedication to energy efficiency, among other criteria.
For additional ways to obtain low-cost energy rates for your business, click here.
- Demand Response
- Energy politics
- Energy Today
- Fossil Fuels
- Natural Power