ReCharge NY Energizes the State’s Economy
ReCharge NY is one of the signature economic development initiatives in New York State. Through the ReCharge NY program, qualifying businesses and nonprofits statewide can lower their energy costs by as much as 25% by using specially allocated NYPA power which is set aside by the state government and the NYPA board for economic support. Companies receiving allocated power have made commitments such as remaining in the state, keeping or growing employment, expanding operations, and/or making significant local investments in their businesses. Working with state and local entities, including Regional Economic Development Councils, Empire State Development Corp. and the New York State Economic Development Power Allocation Board, ReCharge NY attracts, keeps and grows businesses throughout New York.
"Through ReCharge NY, we're making it cheaper for businesses to compete, grow and ultimately thrive in New York State."Gov. Andrew M. Cuomo
NYPA designates 910 megawatts of electricity, from its own generation and economical power purchases from the market, for ReCharge NY. That is the equivalent of illuminating 91 million typical LED light bulbs.
ReCharge NY supports job creation and retention for existing, expanding or new businesses and nonprofits.
In a competitive selection process that targets the power where it will do the most good for New York, an independent review board makes allocation recommendations for the NYPA’s Board of Trustees to review.