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Legislative Memo

Darren Suarez
Manager of Government Affairs
T 518.465.7511
www.bcnys.org

BILL:

S.8517 (Parker) / A.11727 (Cahill)

Support

SUBJECT:

“On-Bill Financing” for Energy
Efficiency Projects

 

DATE:

November 29, 2010

 

The Business Council opposes this legislation that would force electric and gas utilities, as well as NYPA and LIPA, to become bill collectors for NYSERDA.  Under this “on-bill financing” legislation, utilities would have to collect payments for NYSERDA energy efficiency loans from their ratepayers along with their utility payments.

We oppose this bill because we find it to be bad energy policy with unintended adverse consequences.

On-bill financing pilot projects are already underway in New York State, and additional voluntary programs are under development. For example, National Grid offers on bill financing options for small businesses in the upstate New York service territory and is currently negotiating an on bill recovery option pilot with NYSERDA for residential customers.  These types of voluntary programs should be allowed to proceed as pilots, without a broad, legislatively mandated program as being proposed in

For these reasons, The business Council respectfully opposes adoption of S.8517/A.11727.