SolarCity, SunPower and SunEdison surprised the market by jointly filing a plan alongside six big utilities to New York regulators that would pave the way for the gradual erosion of the state’s existing net energy metering (NEM) policy.

The proposal “is all about providing clarity and certainty”, Griffin said Thursday at an industry event. “And being able to lock in economics, which should be very good news for developers and investors participating in the New York market.”

For