diff --git a/reports/ny_hp_rates/img/agree_logo.png b/reports/ny_hp_rates/img/agree_logo.png new file mode 100644 index 00000000..07776f2b Binary files /dev/null and b/reports/ny_hp_rates/img/agree_logo.png differ diff --git a/reports/ny_hp_rates/img/earthjustice_logo.png b/reports/ny_hp_rates/img/earthjustice_logo.png new file mode 100644 index 00000000..6ddbe0ba Binary files /dev/null and b/reports/ny_hp_rates/img/earthjustice_logo.png differ diff --git a/reports/ny_hp_rates/img/edf_logo.png b/reports/ny_hp_rates/img/edf_logo.png new file mode 100644 index 00000000..efb31bc2 Binary files /dev/null and b/reports/ny_hp_rates/img/edf_logo.png differ diff --git a/reports/ny_hp_rates/img/sb_logo.png b/reports/ny_hp_rates/img/sb_logo.png new file mode 100644 index 00000000..948eef58 Binary files /dev/null and b/reports/ny_hp_rates/img/sb_logo.png differ diff --git a/reports/ny_hp_rates/index.qmd b/reports/ny_hp_rates/index.qmd index 887651f4..b494f20e 100644 --- a/reports/ny_hp_rates/index.qmd +++ b/reports/ny_hp_rates/index.qmd @@ -1,7 +1,7 @@ --- title: "Heat Pump Rates in New York State" subtitle: "An analysis of cost-based and cost-reflective rates for heat pump customers" -date: "2026-01-09" +date: "2026-04-28" author: - name: Sherry Zuo affiliations: @@ -94,6 +94,13 @@ def cents(x, accuracy=1): return f"{abs(x) * 100:,.{accuracy}f}" ``` + +::: {.callout-important} +## Embargoed until 9:00AM April 28, 2026 + +This report is provided in advance under embargo. Please do not publish, broadcast, post, or otherwise share findings from this report before **Tuesday, April 28, 2026 at 9:00 AM Eastern Time**. +::: + # Introduction New York faces two intertwined energy challenges: rising electricity bills that strain household budgets across the state and the imperative to reduce reliance on fossil fuels, which are driving both climate change and a global energy crisis. The Climate Leadership and Community Protection Act (CLCPA) mandates an 85% reduction in greenhouse gas emissions by 2050[^clcpa] and the state's Scoping Plan identifies building electrification — replacing gas furnaces and boilers with electric heat pumps — as one of the greatest opportunities to achieve those reductions.[^scoping-plan] Just as the challenges of energy affordability and fossil fuel reduction are connected, so are the solutions. As this report shows, modernizing {{< glossary "Rate design" display="rate design" >}} can advance affordability and reduce fossil fuel use and emissions.[^neep-modern-rate] @@ -1068,7 +1075,37 @@ The heat pump rate modeled in this report is a short- to medium-term fix. It cor But as heat pump adoption starts to exhaust transmission and distribution headroom across the state, heat pump customers will increasingly be the ones driving grid investment — and keeping rates fair will mean reflecting that cost. At the distribution level, these adjustments wouldn't need to begin until the early 2040s, according to NYISO's baseline forecast. -# Acknowledgments +# About this report + +## Who commissioned this report? + +::: columns +::: {.column width="60%"} +This report was commissioned by [Earthjustice](https://earthjustice.org/) and [Alliance for a Green Economy](https://www.allianceforagreeneconomy.org/) with support from the [Environmental Defense Fund](https://www.edf.org/). + +::: +::: {.column width="40%"} +![](img/earthjustice_logo.png){width="85%" fig-align="left"} +![](img/agree_logo.png){width="85%" fig-align="left"} +![](img/edf_logo.png){width="85%" fig-align="left"} +::: +::: + +## Who is Switchbox? + +::: columns +::: {.column width="60%"} +Switchbox is a nonprofit think tank that produces rigorous, accessible data on state climate policy for advocates, policymakers, and the public. + +Find out more at [www.switch.box](https://www.switch.box). +::: + +::: {.column width="40%"} +![](img/sb_logo.png){width="85%" fig-align="left"} +::: +::: + +## Acknowledgments The authors would like to thank the following individuals: @@ -1103,6 +1140,7 @@ The authors would like to thank the following individuals: - Amy Panek, Park Foundation - Laura Wisland, Heising-Simons Foundation + # Appendix 1: A primer on utility costs, bills, and rates {#sec-background} The Background section (@sec-background) near the start of this report introduced utility costs, bills, cost of service, and rates, and previewed why volumetric delivery pricing strains heat pump economics. What follows is a step-by-step deep dive through the same topics — costs and cost of service, then bills and rates — to fully clarify these concepts, and their relationship to both the fairness problem (@sec-fairness-problem) and the efficiency problem (@sec-efficiency-problem).